A bit of background for our newer readers is in order here so the long story short is the CEO of United Fire and Casualty Company, Randy Ramlo has been our secret bud here at Slabbed since June 2008 and officially since June 2009 when Nowdy covered United Fire subsidiary Lafayette Insurance getting their asses kicked in Ferrara v Lafayette. Of course I previously knew Randy at United Fire as I managed to satisfactorily settle my own business Katrina claim with them after showing up on their Yahoo investor board so I had a flavor for the way they conducted business.
But then last year we disclosed that Randy was indeed quite the bitch as he managed to score a meet and greet with Chief Justice Kimball where he complained about Louisiana’s legal climate. The problem of course, was the shithouse way United Fire Group adjusts their claims as they are not the most rock solid property and casualty company financially by their own admission in court filings.
Not long after that, we featured Randy and the gang again getting their dishonest asses kicked at the Louisiana Supreme Court and a good ass kicking Continue reading “BREAKING: It’s Official. United Fire and Casualty CEO Randy Ramlo is now the official beetch of the Slabbed Nation”
Of all the other blogs that we’ve linked, National Underwriter Editor in Chief Sam Friedman’s blog certainly resides in our top 5 for mentions here at Slabbed. We link Sam because of many of his insights are keen and because we respect his sincerity. I’m also certain Sam does not know what to make of this blogger, a hard hat CPA from the Mississippi Gulf Coast with a penchant for delivering hard-hitting comments. They must hurt to the core as Sam can’t bring himself to publish some of my missives even though they were non profane and directly salient to his blog topics.
Last July I took Sam to the woodshed here on Slabbed despite the respect we accord him and his trade journal but it was equally clear from his comment on my post he simply doesn’t get it. Of course I didn’t have to email Sam that post as the National Underwriter is a frequent guest here at the Do Slabb Inn along with every major insurer and investment bank in this country as we’ve dutifully detailed the systemic corruption of Wall Street and follow the money to their pet politicians and regulators.
Sam is still at it as he has morphed from journalist to cheerleader. I don’t know if Sam views himself as that mythical insurance adjusting teevee superhero he pumps but I do know if he is spoiling for a PR fight he doesn’t have to look very hard to find an opponent that is not incentivized in the system.
We don’t have hundreds of millions of dollars to spend on shills like Robert Hartwig or trade groups with oval office connections. And I can’t imagine that the average editorial board at the local newspaper would see me or Nowdy on a walk in basis to hear us speak about an esoteric topic such as insurance finance. Such access is reserved for folks like Hartwig. But we have something none of the shills possess and it is called the truth. In today’s day and information age it is indeed a mighty sword. Continue reading “Sam if it is a fight you want bring it on. Disconnect remains on display at the National Underwriter.”
Robert Hartwig isn’t the only prostitute (I mean shill) who will say or do anything (and I mean anything) for the right amount of money. Not to be left out and preferring denial over Hartwiggian threats the AIA issued the following press release: (Nowdy isn’t it about time we got some more hits out of Montana on my post about former Bush Groupie Marc Racicot)
The decision issued yesterday in the case of Corban v. USAA by the Mississippi Supreme Court confirms that the water damage exclusion and anti-concurrent causation (ACC) clause – two key issues in Hurricane Katrina litigation — are valid provisions of the insurance contract and will continue to be important to insurers in adjusting wind versus water claims, says the American Insurance Association (AIA).
“First, and most importantly, the Corban decision reaffirms the longstanding flood exclusion provision found in most homeowners’ insurance policies, that expressly excludes coverage for hurricane driven water (or storm surge),” said James Whittle, AIA Assistant General Counsel. “The water damage or flood exclusion has now withstood every post-Katrina court challenge, and remains a part of regulator-approved insurance contracts throughout the country.” .
“Second, the court upheld the use of the ACC clause that was at issue before the court,” said Whittle. “With this ruling the court has provided meaningful guidance to consumers and insurers. Nothing in this decision changes the important role that insurers play in recovery by adjusting claims according to their contracts with policyholders.”
Meantime the National Underwriter has emerged from their months long Corban slumber carrying a III / AIA press release billed as a news story. While I don’t necessarily buy into James’ harsh critique of Anita Lee’s report on Corban it is worth pointing out Anita Continue reading “Da Corban spin continues: AIA prefers denial while the National Underwriter carries III press release calling it news”
I’m going to leave Sam alone this time. 😉 His blog entry today shows that passion for insurance that makes reading Sam’s blog enjoyable. Today he is not happy with Dean Starkman’s CJR story we profiled here earlier this week.
Three thoughts: Sam is no shill, not even close. The big time insurance shills are Hartwig and Rossmiller. I agree with Bob Hunter here 100%.
This battle–“pitting journalist against journalist,” as CJR characterized it–was detailed in an July 8 onlne CJR column by Dean Starkman. As part of his “audit,” he solicited my take via e-mail, and we had a rather lively but polite exchange. He also spoke with Bob Hartwig to hear out his complaints about the facts supporting the story. Continue reading “Sam Chips in His Two Cents on the Columbia Journalism Review Taking the Hartwig Challenge”