Declarations

E&S Creativity

“Creativity has always been the backbone of the non-admitted world.”
— Alan Kaufman, president and CEO of Burns & Wilcox

In Denial

“One thing we as a society don’t really do anymore is build for where we live. We build for how we want to live. There’s a wonderful ability to be living in denial and where disaster happened a long time ago we get disaster amnesia.”
— Julie Rochman, chief executive of the Institute for Building and Home Safety

Gulf Recovery

For every claimant who is eligible other than oyster harvesters, we believe at the GCCF that it is reasonable to conclude full recovery by the end of 2012. There will be gradual recovery over the next two years.
— Kenneth Feinberg, administrator of the Gulf Coast Claims Facility (GCCF)

Sinkhole Definition

“If we allow insurers to define structural damage the way they want, we all know what will happen. They will sell something but the policyholder will be buying nothing.”
— Florida Sen. Mike Fasano (R-New Port Richey) offering to set a standard for some types of sinkhole damage.

Enough is Enough

“We have mandated this coverage and watched as it has depleted insurers. At some point you have to say enough is enough. The vast majority of these claims could be fixed with some chalking or other less expensive way.”
— Florida Sen. J.D. Alexander (R-Gainesville) as lawmakers debated sinkhole legislation.

Soft Market Performance

“If you can’t perform in soft markets, you can’t perform.”
— Brian Duperreault, president and CEO of Marsh & McLennan Inc., as Marsh reported increased revenues 12% for the fourth quarter and 10%b for the year .