Declarations

Declarations

Alabama ceiling

“It’s horrible. Rates have gone through the ceiling.”

— Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina and now pays $108,000 on his units for less coverage.

Sink in London

“London is the epicenter of the world’s global financial and reinsurance markets and the United Kingdom is an international leader in analyzing and combating the financial risks of climate change. Florida can benefit from our shared partnership.”

— Florida Chief Financial Officer Alex Sink upon arriving in London to meet with experts at the Lloyd’s of London, the London School of Economics and the Royal Bank of Scotland to learn how climate change presents both insurance and financial risks as well as investment opportunities for Florida.

West Virginia transition

“It’s very complicated and it’s not without difficult issues. There isn’t a book that shows you how to create a private company from a state monopoly.”

— The head of Nevada’s former monopolistic state workers’ compensation fund praising BrickStreet Mutual Insurance Co. and its work in transitioning West Virginia’s system to a private market. Douglas D. Dirks is president and CEO of Employers Holdings Inc., based in Reno, Nev. Eight years ago, he led the transition of Nevada’s state fund into a competitive market.

Prankster

“If it’s a prank, it’s a pretty morbid prank. I would hate to think that anyone did this on purpose.”

— Joel Caraway, manager of Pot of Gold, whose Theodore, Ala., business is offering a $10,000 reward for information leading to an arrest in connection with a blaze, that melted between 300 and 350 yellow rental port-a-potties, causing damage estimated at more than $200,000.

N.C. as ‘outlier’

“Unfortunately, coastal North Carolina is increasingly being perceived as an ‘outlier’ not only in its geographic exposure to hurricanes, but also in its failure to adopt the International Code’s wind provisions in all required geographic areas.”

— David Unnewehr, American Insurance Association assistant vice president, in testimony before the North Carolina Building Code Council.

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