ACI in the HILL: Chip/PIN, Best Near-term Solution

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A recent piece in The Hill’s Congress Blog missed some important points on the security benefits that chip and PIN technology provides. While I agree with the author’s view that there is no silver bullet for preventing all credit card fraud, chip and PIN is the best available near-term solution to protect American consumers from […]

ACI in the Gainesville Sun: Better Prep for the Storm


While there is no preventative measure to stop a hurricanes from reaching Florida, preparation is paramount and it requires going beyond buying generators and stocking up on batteries, bread and water. It requires financial preparation, which is something that Florida leadership has been focused on in recent years. Fortunately, progress is being made, despite some […]

Underfunded Retirement Plans May Sink Us All


As we wriggle out from the worst recession in about 70 years, unfunded state and local pensions, and federal egos, could trigger the next financial calamity. The Congressional Budget Office estimated in 2011 that states and local government owed $2-3 trillion in unfunded pension liabilities for government employees. One state and one city at a […]

Awaiting a Competent Leader


A Gallup study of how working age Americans see their retirement income reveals significant concerns.  They will continue to rely on Social Security, pensions, IRAs, 401(k)s and other savings, but for many, total income will be so inadequate for retirement that employment after retirement age is inevitable for many. Some traditional sources of retirement income […]

Letter to NC House: Auto Rates Increases are Punitive


Dear Representative: Some of us have heard claims that North Carolina, compared to other states, has the lowest auto insurance rates in the country.  However, few know that the data supporting these claims cover only consumers with spotless driving records who drive brand new cars. The reality is that these consumers are few and far […]

Florida’s Insurance Repair Shenanigans

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Each year some Florida homeowners deal with wind damage or flooding from faulty plumbing or similar unforeseen mishaps that are covered under an insurance policy.  Naturally, water removal and roof repairs often need immediate attention to lessen the spread of the damage. Homeowners are usually stressed when they call for urgent help from a tradesman […]

More Rungs on Home Ownership Ladder


In the week ending April 18, 2015, the House passed H.R. 650, the Preserving Access to Manufactured Housing Act.  H.R. 650 makes helpful adjustments to Consumer Financial Protection Bureau (CFPB) regulations that govern mortgages commonly used to finance the most affordable homes, i.e. manufactured homes.  The House also passed H. R. 685, the Mortgage Choice […]

ACI in the Hill’s Congress Blog: Disasters Could Be Less Disastrous


No region of the United States has a monopoly on catastrophes. Our communities are exposed to floods, hurricanes, tornados, earthquakes, droughts and fires. Some of us are more accustomed to seasonal flooding and high winds, and others to drought and fires. We never know precisely when they will arrive, but we know they will surely […]

Reinsurance: Rational Move for Cat Fund and Florida


The Florida Cabinet made the right decision by authorizing the Florida Hurricane Catastrophe Fund (Cat Fund, a government entity) to buy $1 billion of reinsurance as part of its $17 billion in claims-paying resources. The $1 billion of reinsurance was bought at modest cost and it will spread the cost of any calamity beyond Florida’s […]