One thing me and my main man Sam at the National Underwriter agree on is the need to put an end to the revolving door but it won’t happen before Leon Buck passes through. Buck, a former aide to Houston Texas based US Representative Sheila Jackson Lee has gone to work for the dark side at the Property Casualty Insurers Association of America. This from his old e-mail account at the US House:
As of Friday, April 2 I will no longer be in the office of Congresswoman Sheila Jackson Lee. My new contact information will be as follows:
Leon C. Buck, Jr.
Assistant Vice President
Property Casualty Insurers Association of America Continue reading “From the revolving door files I offer Leon C Buck Jr., former aide to Representative Sheila Jackson Lee. Welcome to Slabbed Leon.”
We have so much going on here at Slabbed right now we could literally spend all our waking moments authoring posts on the various topics we’re covering but since Nowdy, Bam Bam and I all have day jobs that won’t happen. In order to save a bit of time I’m combining today’s other news in one post thus the title. Nowdy will be along later to chip in her two cents.
We start with a reader tip on Ashton O’Dwyer, a troubled man who now is in deep trouble. He has been remanded to federal custody without bond. Hopefully he is also being pumped full of meds and receiving some badly needed counseling.
Next up and certainly in keeping with today’s theme of folks that are delusional, here is a story from the National Underwriter on that Property Casualty Insurers Association of America meeting held last month in San Antonio which we began profiling yesterday. This report, written by my main man Sam Friedman, covered the remarks of David Sampson, president and chief executive officer of the Property Casualty Insurers Association of America. Here are some excerpts:
Property and casualty insurers could easily be trapped in the “wave of political populism” sweeping the country in the wake of the nation’s economic and leadership crises, an insurer association leader warned.
“Many may believe that because people are so focused on bashing the bankers and Wall Street that the public and politicians will leave insurers alone, but I am not so sanguine,” said David Sampson, president and chief executive officer of the Property Casualty Insurers Association of America.
Of course Mr Sampson is not so sanguine as he certainly is aware the public is paying attention even though his script is not based in any sort of reality as we continue: Continue reading “Slabbed news miscellany: AROD remanded without bond. Backlash against government subsidized property and casualty insurers. UPDATED with scoop from the Ladder – Dr. Van Heerden filing suit against LSU!”
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.”