Jimbo the Clown strikes again, gives the CEO of the insolvent Louisiana Citizens Insurance a $50,000 pay raise

Louisiana Insurance Commish Jim “Jimbo the Clown” Donelon

This, after raising commercial rates in New Orleans 45%. Jeff Adelson has the sad tale of the latest state sponsored insurance jackassery for NOLA.

This is almost enough to make me feel grateful to have Mike Chaney here in Mississippi.  What a sad state of insurance we reside down here in Soggy Bottom.