"But fundamentally, we have to decide whether we are going to run losing businesses or profitable businesses. I have never run a losing business during the term of a cycle in my life and I'm not starting now. It's that simple."
John P. Phelan, chairman and CEO, American Re-Insurance Co.
"I have infinite faith in human nature. I'm optimistic we're going to screw it up this industry, like we did before. We sit here and fool ourselves."
Edmund F. Kelly, chairman, president and CEO, Liberty Mutual Group
"I share in everybody's lack of enthusiasm for a (tort reform) trust fund and I hope it dies a happy death."
Donald G. Southwell, president and COO, Unitrin Inc.
February 1, 2005
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