"Most people don't begrudge most industries from making a profit but they don't particularly care for it when insurance does."
Don Griffin, director of personal lines, Property Casualty Insurers Association of America
"There will always be a need at some level for a knowledgeable worker who is well adept at risk selection and calculating pricing mechanisms, always."
Lou Balicki, vice president of information systems, Century National Insurance Co., Los Angeles
"I'm not going to just leave everything alone and stay the course, but I'm not going to jump in and be hammer-handed, and threaten managers, and threaten captives--'you got to do it this way or that way.' It'll be very subtle and gradual changes."
David Provost, incoming deputy commissioner, Vermont Captive Insurance Division
"One thing that makes it far more perilous is market caps are so large, even a drop of a penny a share equals a substantial number. That's hard to get clients to wrap their hands around. Sometimes with the volatility today, the stock market can swing 20 percent before noon."
Ann Longmore, an executive vice president and D&O and fiduciary product leader for Willis, describing why D&O liability insurance can be one of the toughest risks to underwrite
April 15, 2008
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