"We've made claims in this industry, 'The sky is falling, the sky is falling.' And it didn't fall."
--Ken A. Crerar, president, The Council of Insurance Agents & Brokers, on TRIA and terrorism, at the annual meeting of the CPCU Society in Nashville, Tenn.
"In a nation of optimists, we're the industry that has to predict the worst."
--Joseph J. Annotti, senior vice president of public affairs, Property Casualty Insurers Association of America
"Our actuaries are excited."
--Richard Boothman, chief risk manager, University of Michigan Health System
"The government doesn't really want to stop development in risk-prone areas, so they pretend the problem isn't there."
--Michael G. Wacek, Odyssey America Reinsurance Corp.
"This is not a permanent state of affairs."
--Robert P. Hartwig, senior vice president and chief economist, Insurance Information Institute, on how 2006 could be the most profitable year on record for the P/C industry
"I just have to make sure I keep paying him enough--otherwise I'd have to hire three people."
--Jonathan Mariner, CFO, Major League Baseball, referring to Anthony Avitabile, risk manager of MLB
"What good is a policy that does not cover a pitcher's arm or his elbow?"
--Kevin Mather, executive vice president and CFO, Seattle Mariners
October 15, 2006
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