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Louisiana Insurance future not Bright!

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So here’s what we know about Insurance.  All these big shots running insurance companies think they have it all figured out.  And they do when it comes to buffaloing the little guy.  They use all this fancy language like credit default swaps and other verbiage that is just a front for simple insurance.  So why are all the insurance regulators letting them get away with it?  After all, it’s costing you and me as taxpayers hundreds of billions of dollars to bail out A.I.G. and all the other busted insurance groups. Jim’s new column takes a hard look at just who has been dropping the ball.  You can read his new column now posted by Clicking Here.

 Can the Insurance climate in Louisiana get any worse?  Insurance problems in the state were the focus of a recent radio show where a number of callers continue to ask why rates are so high.  Take a listen to my thoughts on all that has been happening.

[kml_flashembed movie="http://www.youtube.com/v/IEoK2BdDtj4" width="425" height="350" wmode="transparent" /]hts below about one of the state’s major issues.

And remember Harry Markopolos, the whistleblower on Bernie Madoff, who proved to be much smarter than the SEC?  He says Madoff is small time compared to all these shysters involved in credit-default swaps that Insurance commissioners all over the country have failed to regulate.  “To put it in simple terms, it is like buying fire insurance policies from five different insurance companies on your neighbor’s house and then burning down the house,” he said.  It’s all in this week’s column.  Click Here for his comments.

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