From the Slabbed mail bag: Stop it Sop! You're making Mikey the Cook Cry!!

Mississippi Insurance Commissioner Mike Chaney

Folks the Slabbed mailbag is the gift that keeps on giving today (besides Poldawg) as my last post on Jim Donelon and Mike Chaney aka Jimbo the Clown and Mikey the Cook has evidently hit close to home. 

I’ll freely admit the New Media is a concept that is mostly lost on career politicians and their entourage of political hacks and this despite the excellent advice dispensed by our friend Dambala at the American Zombie in early June. In any event I thought of Dambala’s post when I received this forward from our contact form: 

The fake picture with Insurance Commissioner Mike Chaney with his head up his a.. is vulgar at best. Anonymous postings are cowardly – why don’t you have the guts to say Continue reading “From the Slabbed mail bag: Stop it Sop! You're making Mikey the Cook Cry!!”

Blow back, blow out and a lot of hot air around state-funded insurance plans

Since state-funded insurance plans are a big money maker for the insurance industry and a deep money pit for the states, it will be interesting to see how this trouble in paradise plays out.

Louisiana Citizens Property Insurance Corp., the state’s insurer of last resort, should be abolished, the Commission on Streamlining Government said Tuesday. Our friend Jim Brown was there.

Brown called Louisiana Citizens Property Insurance “the biggest financial disaster in history. “If the old system had been in place, you and I wouldn’t be paying off a $1.5 billion bond issue” that bailed out Louisiana Citizens Property Insurance”.

What a blow back!  Meanwhile in neighboring Texas, the general manager of the the Texas Windstorm Insurance Association had a blow out: Continue reading “Blow back, blow out and a lot of hot air around state-funded insurance plans”

Grab your hiking boots – time to wander from Perdigao v Adams & Reese to USA v Scruggs

If you find yourself lost as we wander from NOLA way up to the land of Faulker, worry not – this is not about changing the facts to fit the picture, it’s more of a sight-seeing trip to see if the facts fit the frame.

Among the comments made to the Perdiago update Sop posted today, were several about Perdiago’s allegations about Allstate and Robert Wooley, the former Louisiana insurance Commission who joined Adams & Reese. Take note of section 73 and these two sentences:

Notably absent from Wooley’s list ofpotential clients in his business plan was a “big fish” that was not already a client of the firm. The firm already represented State Farm, the largest homeowners’ insurer in the state. Continue reading “Grab your hiking boots – time to wander from Perdigao v Adams & Reese to USA v Scruggs”

Solutions to the Hurricane Insurance Problem: The Dems Unite in Search of a Solution. Adams & Reese Lurks in the Shawdows of the Debate

The Wall Street Journal in a Saturday front page story by Elizabeth Williamson reports on a HR3121/S.2284 compromise being discussed by the Democrats. One thing that stood out to me in the story and something our up-to-speed Perdigao readers would know is that ProtectingAmerica.org is supposedly an Allstate front group alleged by James Perdigao to have been represented by former Louisiana Insurance Commissioner Robert Wooley in violation of Louisiana ethics rules. In her piece Williamson explains the group as State Farm, Allstate and the American Red Cross “teaming up”. James Perdigao has a different slant on ProtectingAmerica.org in his civil RICO complaint against Adams & Reese found beginning on page 40. Could the timing of this search for solutions spearheaded by ProtectingAmerica.org to coastal America’s insurance crisis be any worse? Here is the rather unflattering Wall Street Journal Story (subscription required).

As hurricane season begins, Democrats in Congress want to nationalize a chunk of the insurance business that covers major storm-damage claims.

The proposal — backed by giant insurers Allstate Corp. and State Farm Mutual Automobile Insurance Co., as well as Florida lawmakers — focuses on “reinsurance,” the policies bought by insurers themselves to protect against catastrophic losses. The proposal envisions a taxpayer-financed reinsurance program covering all 50 states, which would essentially backstop the giant insurers in case of disaster. Continue reading “Solutions to the Hurricane Insurance Problem: The Dems Unite in Search of a Solution. Adams & Reese Lurks in the Shawdows of the Debate”

The Times Picayune on Perdigao v Adams & Reese (Updated)

The tale told by James Perdigao in his racketeering complaint against Adams and Reese is simply amazing.  It contains all the elements of a first class political-legal scandal that will make Mississippi’s own Judicial Bribery case look like child’s play. We will update our Perdigao legal page later today with more filings on the criminal side of this case but first we bring you today’s inevitable T-P story on the civil RICO filing. I say inevitable because our post, inspired by a tip from slabbed’s friend Richard Trahant, spread like wildfire in the Louisiana based blogesphere.  We welcome all our of our Louisiana friends here, especially those slabbed by Hurricanes Katrina and Rita. Besides Katrina our states share Mr Perdigao’s former employer Adams and Reese. More on that and detail on the connections to Worldcom later. First today’s report by Gorden Russell.

In a sensational legal filing, a former partner at Adams and Reese who is awaiting trial on charges that he stole $30 million from the firm claims that the firm has had a hand in scandals ranging from the WorldCom stock fraud to the abuse of Louisiana film tax credits.

The lawsuit also claims the New Orleans firm has made a practice of hiring former public officials, including former Jefferson Parish President Tim Coulon and former New Orleans Mayor Marc Morial, and improperly using them to land clients with whom they had dealt as public officials. Coulon and Morial deny the claim. Continue reading “The Times Picayune on Perdigao v Adams & Reese (Updated)”

Perdigao v Adams & Reese: Robert Wooley You Magnificent Bastard, Welcome to Slabbed

Our readers may remember Weiss v Allstate attorney Richard Trahant occasionally stops in to chat with us. Today, he dropped by with the mother of all tips, the case of Perdiago v Adams & Reese L.L.P. et al filed Tuesday in New Orleans which we have added to our legal pages. This is a very long post but I hope our readers will take the time to read it and consider the implications of the misconduct alleged against Adams and Reese.

I did some googling and found this case had a little something for everyone and featured all the usual suspects, Edwin Edwards, indicted US Representative William Jefferson, former Mayor Marc Morial, disgraced former Orleans Parish DA (and former Clinton era NOLA US Attorney) Eddie Jordan, Robert Guidry plus a entire gaggle of local political figures. Frankly, reading the RICO complaint against Adams and Reese coupled with the news stories has me convinced this case is huge in its implications. First some background from Baton Rouge Channel 9.

The federal court case that sent former Governor Edwin Edwards to prison has a potential new can of worms. New paperwork filed in a mail fraud case lists Congressman William Jefferson as participating in a bribery scheme between former Treasure Chest Casino owner Robert Guidry and former U.S. Attorney Eddie Jordan. Both Guidry and Jordan were key players in the Edwards case…… Continue reading “Perdigao v Adams & Reese: Robert Wooley You Magnificent Bastard, Welcome to Slabbed”