Declarations
Not Ready for a Third “I don’t think anybody is ready for this. Not three in a row.” —Fargo, N.D., Mayor Dennis Walaker. Fargo officials say a third straight year of major spring flooding is expected along the Red River. …
Declarations
Seeking Revenue “Given the difficult economy, it is understandable why the city of Sacramento is looking for new revenue sources. However, putting this burden on out-of-town drivers is unfair.” —Sam Sorich, president of the Association of California Insurance Companies, voicing …
Declarations
Flood Warning “We can’t stop the rain, but we can and must do a better job at warning people of the potential for dangerous flooding. A few hours of warning could have saved lives and prevented millions of dollars in …
Declarations
Oil Spill Prevention “We must ensure that we have systems in place in our government and in the industry so that this cannot happen again.” —U.S. Senate Energy and Natural Resources Commission Co-Chair Sen. Jeff Bingaman says he plans to …
Declarations
2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which will likely persist throughout 2011, will …
Declarations
2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which will likely persist throughout 2011, will …
Declarations
Mine Worries “We estimate that more than a million Pennsylvania homes sit atop abandoned mines, yet many homeowners are not insured against catastrophic property losses if these mines should collapse. That’s why Pennsylvania has made mine subsidence insurance more affordable.” …
Declarations
2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which will likely persist throughout 2011, will …
Declarations
Claims Chief “I’m absolutely neutral. I’m not BP. I’m trying to run this facility as best I can.” —Attorney Kenneth Feinberg, the man in charge of the Gulf Coast Clams Facility for the BP oil spill, meeting with oil spill …
Declarations
Great News “This announcement, particularly in light of the difficult economic challenges facing the entire country, is great news for Citizens and for the insurance market in Louisiana.” —Louisiana Insurance Commissioner Jim Donelon praised a rating upgrade for the Louisiana …
