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Everything posted by C-Man
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Backup throws better than Leonard
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Carter had it for PSU and ND OL ripped it away under the pile
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Good thing college teams always have more than 7 days in between games during the regular season.
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Terrible throw by Allar
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[emoji1787]
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Allar is supposed to be the best qb in this Draft?
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Game Week Thread 2024 Week 17 - Cotton Bowl CFP Semifinal Texas vs Ohio State
C-Man replied to Wulaw Horn's topic in Football
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America's Foreign Policy & Other Shit Going On Around the World thread
C-Man replied to bolverk's topic in Cloak Room
Because of course it was fake https://www.threads.net/@ronaldfilipkowski/post/DEnfh7syPOs?xmt=AQGz_B_a9cOKaeB45g7YSJ1KEFqGbn8O56aLTAF-rsVgNw -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
100% yep. LOL Just about everywhere's got some kind of baggage. Basically, CA had a two-decade drought followed by two years of record-breaking rains which brought an enormous amount of new vegetation (fuel). Quebec? There's a Tuberville/Panama Canal joke in here somewhere. -
These. Fucking. People. The Army of God Comes Out of the Shadows https://dnyuz.com/2025/01/09/the-army-of-god-comes-out-of-the-shadows/
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Elon Musk: Nazi traitor piece of shit [Confirmed]
C-Man replied to MaybeACoordinator's topic in Daily Texan
Gonna re-issue a previous post I made on this thread. I wish Leon sourced his ketamine from the same place Matthew Perry did. Forreals. -
Elon Musk: Nazi traitor piece of shit [Confirmed]
C-Man replied to MaybeACoordinator's topic in Daily Texan
Musk biographer thinks Leon is "going mad." https://www.mirror.co.uk/news/us-news/elon-musk-going-mad-warns-34439131 Abramson thinks it wasn't Grimes that broke him but him getting booed off the stage at a Dave Chappelle show in San Francisco after buying Twitter in 2022. -
Elon Musk: Nazi traitor piece of shit [Confirmed]
C-Man replied to MaybeACoordinator's topic in Daily Texan
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Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
Arlington, just a couple of days ago: https://www.nbcdfw.com/news/local/arlington-puts-goats-to-work-to-eradicate-invasive-shrub/3734403/ Arlington puts goats to work to eradicate invasive shrub 300 goats are eating their way through an overgrown area of Randol Mill Park in Arlington. -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
Pertinent to our conversation regarding insurance and the LA fires specifically: https://www.insurancebusinessmag.com/us/news/catastrophe/los-angeles-wildfires-burn-through-the-insurance-industry-519917.aspx?hsmemberId=1024080&tu=55D7E01A-A2EE-4DD3-8B33-867AD97B08C1&utm_campaign=&utm_medium=20250109&_hsenc=p2ANqtz-_bVk91xv3aMbVfcSieezriP6JSK-cmczc6CHoQ9xkFuo2HxGlO9VEn2BhCu_orHIuDG7RdKtgZYKnljeoEYHp9WngfPPDOuHIq5DCZrHIf1Fr2leg&_hsmi=341798096&utm_content=55D7E01A-A2EE-4DD3-8B33-867AD97B08C1&utm_source= BTW, I do like the use of the word "bespoke" to describe E&S policies (excess and surplus or non-admitted solutions). Sounds much more palatable. And the offerings from the HNW carriers are definitely of that variety. Shit you buy from Texas Farm Bureau or the like are usually just shit. -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
The Pampa fire was almost a year ago (Feb). A colleague of mine may or may not insure Boone Pickens' old ranch that suffered a massive loss due to that wildfire. Massive. Then, when that area got massive rain event this summer (???), some of those same properties on that ranch were flooded because all the vegetation and infrastructure that burned away in the wildfire weren't there to direct the water runoff like it had previously. The electric company is gonna (maybe it has) get turbo-fucked by Chubb and the state on that deal. -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
It depends on the carrier and it depends on the policy. But, generally, speaking they're not cheaper than admitted policies simply because they're bigger risks for carriers. Here's another real world example. College buddy has been a client for quite a few years. Lives In North Dallas. Home is insured for $2.5M or so. Was with Nationwide Private Client at a great rate all these years. NWPC decided to end their HNW practice all over the country. Their pricing was superb. We ran all the traps. They had a hail claim and a couple of auto claims. His twin boys are about to turn 16. Yikes. Anyway, the only solution we could find was with Vault's E&S (Excess & Surplus -- non-admitted) program. Vault is a HNW carrier that is only offering E&S policies in Texas now (AIG has rebranded to Private Client Select and is doing the same thing). Great policy that was still broader than anything the middle market or direct writers could offer. Chubb declined. Cincinnati declined. Berkley One's min is $5M now, PURE's is $3M His expiring premium was around $10K -- a unicorn, I know. Vault's offer was $35K. They went to USAA -- and we will try and get them back next year. It sucks. -
Or whisper in his ear: "I'm sorry you have such a small pee-pee."
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Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
The massive increases we've seen in the property market is directly correlated to the massive increases the primary insurance carriers were seeing in the reinsurance markets. They have to buy insurance to cover their insurance commitments and they were passing a portion of those costs along to us, the consumer. The good news is that those rates were softening some of late but I'm certain this wildfire event in SoCal will not help things. -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
Yep. Here's another Insurance 101 tip to learn moving forward (I think we'll start seeing the non-admitted solution become more prevalent in Texas moving forward). There are two types of homeowners policies -- admitted and non-admitted. Some companies only offer non-admitted policies. Some companies offer only admitted policies. Some companies offer both. The difference is that admitted policies are filed with the state's department of insurance. They are required to include coverage for certain things (at certain minimum limits) as per that particular state's guidelines. They also have to file the rates they charge. These rates must be approved by the state department of insurance. Coverage and pricing MUST be approved to become an admitted policy. The key takeaway is that admitted policies are then backed by the state department of insurance's guaranteed fund. Let's say you buy an admitted HO policy from C-Man Insurance Company. Hey, it was such a great deal that you then referred all of your neighbors who also bought C-Man policies. Let's now pretend that a F5 tornado blows through your neighborhood and half of the insured homes are completely destroyed. Uh-oh, C-Man didn't have nearly the cash reserves to pay claims that everybody thought and his company cannot pay all the claims. C-Man goes insolvent after paying all that it can. This is where the state's fund would step in and make all the policy-holders whole, assuming C-Man sold you an admitted policy. (Note: This will be a long and arduous experience to get paid.) Now, let's look at non-admitted policies. They will contain many of the same things that admitted policies will have -- coverage for the Dwelling, Personal Property, Other Structures, Additional Living Expenses, Personal Liability. It will cover for loss by fire, escaped water (most likely) and the other main perils (probably). In fact, to the untrained eye it will be hard to tell the difference on many of these unless you're buying specific insurance for an unconventional risk like a home at the base of an active volcano that is listed as a STR on VRBO or some shit like that. But there will be things no longer 'under the hood.' These policies can be manuscripted by the carrier -- there can be add-ins or carvebacks. (These are Lloyds of London-like policies that were used to insure shit such as Mary Hart's legs back in the day. Yes, I'm getting old.) In addition, carriers can charge whatever the fuck they want for these policies (see Chubb Custom pricing from my post from late last night for my two Montecito opportunities). Now, let's pretend we have the same scenario as above -- your entire neighborhood buys C-Man policies because they're the cheapest policies on the market. Let's pretend that same F5 tornado blows through and destroys the same homes. Let's pretend C-Man (cheap fucker) doesn't have the cash reserves to pay all the claims (he doesn't). I hope you're one of the first in line because not everybody is getting paid and the state will not back-fill these shortfalls. All of the HNW carriers offer both admitted and non-admitted solutions. While it's absolutely better to have admitted over non-admitted if all other things remain equal. But many of the non-admitted policies are outstanding products. All these carriers are A-rated at least, most are A+ or A++. However, AIG was A-rated when it nearly went tits-up back in 2008 (but that had nothing do with the P&C side -- it was the other side of the house). But we are starting to see non-admitted as the ONLY solution -- if that's even available in some parts of the country (Florida, California, especially and Texas has entered the chat -- Wyoming, Colorado, Montana, etc where you have big, big homes and big exposure to wildfire or hail events). So, the takeaway is that not all HO policies are created equal but not all non-admitted policies are shit either. They are slowly inching their way into the mainstream because, quite simply, there are probably not better solutions at the moment. Would I rather have a Chubb non-admitted policy than an admitted policy from some carrier I've never heard of? Absolutely. (Shameless plug -- this is where an independent broker who knows what they're doing in situations like this comes in handy.)- 1551 replies
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Gotcha. He's the spitting image of his father, which is why I thought it was him. Then I was thinking, "that mother fucker is old but he looks gooooood!"
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Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
No matter where you live, if you buy insurance you're subsidizing everybody else -- just at a much lower rate than those nearest to the "fuck-fuck" zone(s). Same reason why all of our insurance is going up even though you haven't had a claim (some of your neighbors did). -
Southern CA Fires- Extreme Santa Ana Winds
C-Man replied to Wilcox Cummingtonite's topic in Daily Texan
Oh, it's a Band-Aid on a hatchet wound no doubt but I don't know what can be done for people living in areas like California or Florida (Texas ain't far behind). You can't make companies offer insurance to high-risk properties. Climate change, or whatever you want to call it, is a thing. It has increased the number of catastrophic weather events that effect this country exponentially in the last 10+ years and it shows no sign of letting up. We've all felt rising insurance costs directly if you own homes and/or vehicles. Florida enacted unprecedented updates to building codes post-Andrew and that's been extremely helpful. But there are still structures that pre-date 1991 that just hadn't been hit until more recently. Not sure how you engineer things that are impervious to fire. Most of the HNW carriers have wildfire defense systems in place that are free of charge. They closely monitor wildfires and if they have an insured structure in the path, they will send their private firefighting teams out to do all they can to save the property. They move shit around, cut back vegetation and other things. Then they'll water yards and structures. The last-ditch thing is they spray a flame-resistant/retardant foam all over the house that is highly effective. Then after the fire goes past, they come in and hose the foam off. They obviously don't have the capability to handle all homes. This might be getting way into the weeds but insurance companies will look at risks pretty closely in high wildfire risk zones. Carriers and builders alike have reverse engineered homebuilding techniques to cut back the threat of flying embers igniting nearby structures. Soffits/eaves have been redesigned -- my understanding is they used to almost suck up embers like a vacuum and that area would just ignite. But, again, I don't know how you make something that is completely fire-resistant. My wife's cousins grew up and lived in Northern California (Sacramento/Chico area). Her female cousin's home burned completely in either the Shasta fire that killed like 300 people 5-6 years ago or one of the other ones from a few years after that. Her male cousin's home outside Chico was miraculously the only house on his street -- one of the few in town that didn't burn down in fires last year. He had pretty severe smoke damage though. These homes pale in value to what's burning in LA right now, which is why this is going to be a disaster of epic proportions. I'm seeing estimates of $60B in potential losses now. That is an industry-altering figure.
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