"People don't want to be unfit or unhealthy."
--Edwin Quick, commissioner, Certification of Disability Management Specialists Commission
"Some clients are not happy about premiums, but we have not had anyone turn away."
--John Cooper, partner, Lloyd & Partners, regarding U.S. windstorm coverage
"These companies have or are coming to the realization that insurance may not protect as well as other options, including self insurance, risk retention groups, captives, derivatives, hedging or other risk alternatives."
--Lance Ewing, vice president of risk management, Harrah's Entertainment
"The problem is, nobody's got it right yet."
--Barry Leigh Weissman, partner, Sonnenschein Nath & Rosenthal, on rating insurance companies
"To me, it seems that for most risk managers, they don't want to know how the watch works. They just want to know what time it is."
--Rick Vassar, corporate risk manager, Valcourt Building Services
"We never did that. We had to win business based on our expertise, not on income through the back door."
--John Cooper, partner, Lloyd & Partners, on how smaller brokers used to compete with big brokers and their contingency commissions
September 1, 2006
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