From the category archives:

Insurance

Got Paint?

Do you know what I mean when I refer to prima paint? Hint: it doesn’t come in a can. If you are using a salvage contract, whether it is a BOAT/US Open form, a MARSALV form, or some other contract, it likely has an arbitration clause. Arbitration clauses are very useful, as they can greatly [...]

Share
April 20, 2009 Read the full article →

CDS’s as WMD’s

For anyone who is interested in some in depth analysis of what is really going on with AIG and our economic collapse, here is some pretty good background: http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=351 This piece talks about how insurance companies have used all manner of shady deals and practices to inflate their books (which of course infated their stock [...]

Share
April 2, 2009 Read the full article →

No Cure-No Pay for AIG?

Isn’t it ironic that the biggest player in the insurance industry found itself defending the concept of performance bonuses last week in front of a hostile Congress? We’re not talking a few hundred bucks in an envelope at Christmas, either; we’re talking huge, gianormous amounts. Ironic because insurance companies like AIG and Travelers scream to [...]

Share
March 25, 2009 Read the full article →

Seattle man accused of sinking his own yacht – CNN.com

I suppose we should get used to seeing this headline. In hard times men turn to desperate measures, eh? This story actually appeared over a week ago, but I’ve been consumed with trying to get this new WordPress site up and running. Beyond the “sign of the times” component of the story, there is something [...]

Share
March 4, 2009 Read the full article →

Standard Deviations…

more on the cport meeting…. At one point, a question was posed asking why C-PORT wasn’t the logical forum for the industry to create some standards that would reflect what would be “fair and reasonable” salvage demands. This discussion was swiftly squashed as the executive director (correctly) pointed out that any discussion of prices or [...]

Share
February 18, 2009 Read the full article →

Traveler’sGate?

I use a service called FeedBurner that helps me keep track of how often people actually visit RRR, and manage the email subscription service. The graphic here shows the top six most visited pages for the last 30 days. (click on it for a larger view) My post about Traveler’s Insurance buying back their umbrella [...]

Share
September 30, 2008 Read the full article →

← Previous Entries

Next Entries →