Southeast News
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Florida CFO Sink: 4 Steps to Reduce State's Hurricane Exposure
Southeast News • March 12, 2009
Citing the high level of catastrophic risk exposure Florida faces, Chief Financial Officer Alex Sink today suggested guidelines for the Legislature to follow in working to reduce the state's ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: HEY BILL | Bill | Mar 12, 2009, 3:10 pm |
| HEY BILL | Bill Jr | Mar 12, 2009, 2:24 pm |
| BREAKING NEWS! BERNIE MADOFF CREATES A START UP FL CARRIER | Bill | Mar 12, 2009, 1:54 pm |
| Florida CFO Sink | Rick | Mar 12, 2009, 1:31 pm |
| Back to article | ||
Subject: BREAKING NEWS! BERNIE MADOFF CREATES A START UP FL CARRIER
1. Start a company with borrowed 5 million.
2. Create a MGA to administer (Ha) the company.
3 Charge 65% of the premiums for doing so.
4. Put together some bulls*it reinsurance
5. Give the keys to FIGA when the wind blows.
6. Let all the citizens of Florida and the good carriers,if any are left to pay for your loses through FIGA assessments.
7. Pay off the 5 million loan and pocket the rest through your MGA.
IT IS YOUR JOB MS. SINK TO SEE THAT THIS IS NOT HAPPENING IN FLORIDA!