Showing posts with label State Farm. Show all posts
Showing posts with label State Farm. Show all posts

Sunday, August 03, 2008

the greatest evil

Point of order: 1] Cap and Miz represented at the shop. They say my new tag line is come to the dog club, and take yo teeth out.

2] Satire - A literary work in which human vice or folly is attacked through irony, derision, or wit.

First I lied. The McCain post will be next. Any who, I know that most of us are mad as hell at these big oil companies taking all our loot and grossing big profits while at the same time they getting they corporate welfare on (Slappz I know you will disagree). And yes they are a great evil, but the greatest evil if you asked me (which u aint) are insurance companies. And they seem to be of late, at least since Hurricane Katrina, putting it down.

Insurance is an easy business, all they live to do is collect premiums and try they best to keep from paying out claims. With the help of the GOP, Lobbyist and judges that unlike days of old, got money invested in all kinds of stuff, they may be making civil claims and law suites for the regular man a thing of the past.

Now it is very possible that I am wrong, but times seem to have changed for the worse. After the oral argument in the Exxon Valdez case, I realized that Judges aint judges anymore and making loot is the trump card, since Justice Samuel A. Alito Jr. had to rescue himself from hearing the case cause he owned stock in Exxon. And then after the U.S. Supreme Court had a divided vote regarding the decision on Warner-Lambert Co. v. Kent, because making money for many of these judges, even on the local level is more important than administering justice. I mean they couldn’t even hear a class-action lawsuit that accuses more than 50 U.S. businesses of helping South Africa's former apartheid regime because just five of the nine justices could hear the case, and six are needed for a quorum. Chief Justice John G. Roberts Jr. and Justices Breyer and Alito Jr. have holdings in some of the companies named in the suit and Justice Kennedy's son works for another, Credit Suisse Group.

Now the aforementioned is problematic, but what has put the icing on the cake for me is how I have Notice the company Logo for State Farm on almost every baseball field in the majors, and even during the college world series. I was used to seeing their commercials on TV, but since Katrina, seems like they have taken a scorch and burn approach. Maybe it was due to State Farm Fire & Casualty Co. being charged with a "pattern of racketeering" as a result of them manipulating engineering reports after Hurricane Katrina so they could deny policyholder claims. Since then, goo-gobs of homeowners have sued their insurers for denying their claims after the Aug. 29, 2005, storm. It was the first time an insurer was charged with violating the civil Racketeer Influenced Corrupt Organization Act, commonly known as RICO.

Since then, State farm has been on a roll, trying to get politicians, including McCain and Obama, to limit and squash the ability of folks to file civil laws suits, with due process in front of a jury. State Farm has historically spent a lot on this, but they have steeped their game up as of late. State Farm has spent has hired the Fowler White Boggs Banker firm to lobby on its behalf. Like I said, State Farm has been pushing for changes in Florida's no-fault insurance law too.

So true, the Oil companies are not folks I like too look up to, I mean Im down wit making loot, but not via extortion. But at least they have a commodity that we demand. We don’t even need insurance, it’s a fabrication anyway and when we need it, they fight us tooth and nail to collect. Maybe this is much to do about nothing, I mean they are the biggest crooks next to politicians to me, but at the rate that judges are recusing themselves, they may just want to give all judges stock in their company and they won’t have to worry about law suites at all.

Monday, October 08, 2007

shysternomics

According to the Merriam-Webster online dictionary, a shyster is a person "who is professionally unscrupulous especially in the practice of law or politics." Being from the dirty, i have met a many of shysters both in the streets and in the work place. From my recollection, the governor of Mississippi gives new meaning to this word.

We all recant of August 2005 when Hurricane Katrina “Dropped the Bomb” on parts of the Dirty. It was one of the catastrophic storms in the history of the U.S. In many places, it did so much damage that it lead to the displacement of tens of thousands of people. In fact the U.S. Census Bureau, noted that after the event, the population of the state of Louisiana declined by 219,563 (almost 5%). Almost 80% of New Orleans was flooded (neighborhoods that ranged from 75 to 100% African American – see pg 2) by Hurricane Katrina, with some parts documented to have been submerged under 20 feet of water.

Total city of NO displacement was close to 500,000 persons (200,000 households). Mississippi was hit hard too, where the hurriciane leaving almost 300 people dead and about $125 billion in damages. However, it was not hit as hard as Lousiana, in particular New Orleans where the LA Department of Health document at least 1,464 deaths (like im supposed to belive this) across the state.

A recent GAO report I just read (came out end of August) suggest that the Federal Emergency Management Agency administered an alternative housing program that unfairly directed $275 of the available $388 million to residents in the state of Mississippi. A little bit more than 70 percent of the 275,00 homes destroyed or rendered unlivable due to Katrina were located in Lousiana alone. Add in Rita to the mix, 217,245 housing units were destroyed compared to approximatelly 68,000 in Mississippi.

We also know that there are many reports of massive fraud in the state. Take the State Farm insurance Example. Two auditors, in an exclusive interview with ABC news show 20/20, alleged that audit reports that concluded that damage was caused by wind were hidden until new reports could be fabricated to show otherwise – so SFI would not have to pay.

I guess it does pay to be a friend of GWB and the governor of the State of Mississippi (Haley Barbour) as it has been suggested by other writers. I just wonder how much loot in kick backs both them folks got from the Feds and State Farm - go figure