No Choice “The Supreme Court has spoken on the issue, so we had no choice.” —Louisiana State Sen. Eric LaFleur, D-Ville Platte. LaFleur, a board member of Louisiana Citizens Property Insurance Corp., acknowledged that the board of Louisiana’s property insurer …
Rate Improving “There absolutely is a trend of rate improving…In the U.S., we’ve seen property, workers comp, as well as excess casualty and general liability starting to increase.” —Peter Zaffino, CEO of Marsh Inc, speaking during the company’s Feb. 14 …
Client Prep Needed “It’s hard to ask for rate hikes if you’ve never had to do it.” —Michael Sapnar, president and CEO of Transatlantic Holdings. Speaking at a Professional Liability Underwriting Society (PLUS) Directors & Officers Symposium in New York, …
Minds of Their Own “Livestock have minds of their own.” – Nebraska Sen. Ken Schilz of Ogallala, author of a bill that would require drivers who hit livestock on Nebraska roads to have a higher burden of proof in showing …
They Made It Clear “My constituents have made it clear. They want the uninsured vehicles off of the road.” – Oklahoma State Rep. Steve Martin (R-Nowata, Washington, and Osage Counties). Martin is sponsoring House Bill 2525, which would allow a …
Whistleblower Limit “We are bound by what Congress has written.” – The U.S. Supreme Court ruling that a federal law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds. Miss. Mitigation “Mitigation is the key to …
Climate Change “Climate change will have major implications for the insurance industry, yet few insurance companies are identifying their potential exposure and strategies for dealing with it.” —Andrew Logan, insurance program director at Ceres, an investor group that has been …
Cornerstone “You have to be smart about your marketing, and I think it’s all about relationships. Without the relationship I think this business goes nowhere. I am not GEICO. I am not Progressive. I am Cornerstone Insurance.” —Phil Hakopian, CEO …
No More Funds-Holding “I have received numerous constituent complaints regarding a mortgage company holding onto funds for weeks while homeowners face emergency repairs that must be made quickly.” —Oklahoma State Rep. Charles Ortega, Ortega, R-Altus, has filed a bill aimed …
