Sam if it is a fight you want bring it on. Disconnect remains on display at the National Underwriter.

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.”

Spike needed in US economy, keep the soup!

Bermuda is what “Insuranceland” would look like if Disney added such a unit to its Epcot Center. On practically every block in downtown Hamilton, you see a major insurance company or brokerage office. It’s almost impossible to sit down at any public place and not run into someone you know from the business.

Sam Friedman paints an interesting picture of Bermuda – You’ve got to love a place that spikes its soup! – and a troubling one as well. While covering Professional Liability Underwriting Society conference, Friedman filed this report.

Bermuda faces a number of threats to its supremacy as a global insurance center, including a potentially “catastrophic” challenge to its relative tax advantage, the U.S. consul general warned in a speech here. Continue reading “Spike needed in US economy, keep the soup!”

Buying the Judicial Process: Was Dickie Scruggs Simply Following the State Farm Model?

I was catching up with my reading on Sam Friedman’s blog and found his piece on Dickie Scruggs one of the more even handed blog treatments of this subject I have run across online. All the more interesting is that Friedman is an insurance guy and frankly is the last place one would expect to find the balance on this subject sought by Steve Eugster at Wikiscruggs. The reason Mr. Eugster has not found balance is because he has not looked in the right places.

Bellesouth for example was run off the anti-Scruggs/Jim Hood blogs because she dared to disagree with the party lines but neither fairness or balance were the goals at the sites where Belle previously posted. The reason I’ve always enjoyed reading Friedman is his even handed treatment of the subject matter; you can learn about the insurance business and not be subject to the hidden agendas of aspiring authors or non stop legal practice marketing and the industry pandering it entails.

So after Mr Friedman had his say on Dickie Scruggs the first comment to his entry from Insured Consumer was eye catching. Continue reading “Buying the Judicial Process: Was Dickie Scruggs Simply Following the State Farm Model?”