Saving Face “Our expectation is that every firm will receive some measure of cash and that every firm will receive their full accommodation by year end if current trading patterns persist.” —Nasdaq’s Eric Noll explaining his firm’s $40 million offer …
Lessons From Irene “Unfortunately, last year we all saw first-hand the damage a storm could do when Tropical Storm Irene struck New Jersey.” –N.J. Department of Banking and Insurance Acting Commissioner Ken Kobylowski on the importance of being prepared for …
Breach and Response “As soon as there was an inkling that there was a breach, they should have been all over this.” —Laura DiDio, a technology analyst with a consulting firm known as ITIC, comments on the response to a …
Don’t Frack Vermont “I hope other states will follow us.” —Vermont Gov. Peter Shumlin on banning hydraulic fracturing in the state. On May 16, Vermont became the first state in the U.S. to ban fracking. The move is largely symbolic, …
Critical Restructuring “Restructuring is critical to TWIA’s ongoing operations so we don’t keep digging a deeper hole for ourselves. There will be no eminent decisions on the administrative oversight.” —Texas Insurance Commissioner Eleanor Kitzman, speaking at a May 2012 board …
No Guns at Polls “Wisconsin’s concealed carry law … permits municipalities to prohibit concealed firearms at polling places during elections, whether or not the polling place is located on municipal property.” —Wisconsin Government Accountability Board Attorney Mike Haas says elections …
Flood Band-Aid “The National Flood Insurance Program has been barely hobbling along with a Band-Aid approach — extending it for short periods of time. Reaching an agreement to allow the Senate to fully debate this on the floor and to …
No More Cellphones “We really need better rules, regulations and laws, and corporations need to have a no-cellphone policy while operating a vehicle.” —Thomas J. Henry, attorney for a Texas woman who received a $24 million jury award after being …
Supplemental Surgery? “As payers limit price increases for physician services, the physicians look for other avenues to supplement their income – ownership of surgery centers and MRI facilities as well as physician dispensing of prescription drugs have become much more …
Hard Market? Hardly “It is worth noting in our opinion that in our experience, some insurers that were announcing rate increases on renewal business, are continuing to price new business very aggressively.” —Markel Corp. Co-President Michael Crowley, commenting on P/C …
