Search Results for: "Jim Donelon"

The tooth fairy visits LA Insurance Commissioner Jim Donelon

Rebecca Mowbray reports on this incredible development in Insurance Commissioner Jim Donelon says insurance market is competitive again for Sunday’s Times Picayune: Last fall, Insurance Commissioner Jim Donelon ditched his longtime homeowners insurance policy with Travelers and signed on with one of the new companies that has come to Louisiana in the past few years. … Continue reading “The tooth fairy visits LA Insurance Commissioner Jim Donelon”

Let's switch gears and talk Louisiana Insurance Commish Jim Donelon: A hollow man that is full of hot air.

This past week on Slabbed has been nothing short of extraordinary as Nowdy’s post on Katrina’s Who Dat Judge Martin Feldman went national and our site traffic went into the stratosphere despite not being credited with breaking the story in the press with the exception of Anita Lee at the Sun Herald. In the middle of the … Continue reading “Let's switch gears and talk Louisiana Insurance Commish Jim Donelon: A hollow man that is full of hot air.”

La Insurance Commish Jim Donelon Brays on declining NFIP participation

The important concept to remember here is that most NFIP insureds adversely select the coverage thus the  slabbed from St Bernard Parish would be far less likely to buy the coverage if they moved to a high and dry area that has never experienced flooding despite the very cheap premium. Against that backdrop and given the … Continue reading “La Insurance Commish Jim Donelon Brays on declining NFIP participation”

Twofer Tuesday Business

First up is the RollingStone’s Matt Taibbi take down of the New York Times’ Thomas Friedman, who likely has no clue how the average American citizen lives their daily lives. Friedman, likely the wealthiest journalist in the country, is an unabashed proponent of globalization that sees the world divided into two factions, those that like … Continue reading “Twofer Tuesday Business”

Will somebody please take them ‘shrooms away from Jimbo the Clown and get him into rehab………

Property insurance market has recovered, Donelon says ~ AP via NOLA.com Folks the story comments well tell the tale. Jimbo has gone off the deep end and that does not count the Citizens debacle. sop

Plaintiff’s seize Louisiana Citizen’s Bank Accounts: Jimbo the Clown continues in his role.

Folks we’ve covered the entire sad state of affairs at Louisiana Citizens Insurance, which adjusted its post Katrina claims in bad faith and has been trying avoid the consequences of such literally since the early days after the storm. The latest developments unfolded Monday with Becky Mowbray filing this short and not so sweet story that … Continue reading “Plaintiff’s seize Louisiana Citizen’s Bank Accounts: Jimbo the Clown continues in his role.”

BREAKING: The Idiots at Louisiana Citziens to squander $500,000 in scarce reserves to appeal judgment to the US Supreme Court (Updated)

How sad that an insurer set up via taxpayer fiat is so against the policyholders it was created to serve.  I’ll add that based upon the last legislative auditor report such a move tells me the Citizens is insolvent. I wonder if they are still running quickbooks? What a joke they are! And to think just 3 … Continue reading “BREAKING: The Idiots at Louisiana Citziens to squander $500,000 in scarce reserves to appeal judgment to the US Supreme Court (Updated)”