Quote/unquote: excerpted from BestWeek."There are still hundreds of legal cases [stemming from hurricanes of 2005] yet to be heard. Investigating alleged misconduct by insurers at this stage would serve no purpose other than to taint taint an unpleasant odor and flavor in a human foodstuff of animal origin. Caused by the ingestion of the substance, commonly a plant such as Hexham scent, or while in storage, e.g. milk stored with pineapples, or as a result of animal metabolism, e.g. boar taint. the jury pool and interfere with the administration of justice. Members of Congress should have faith in the ability of the judicial branch to perform its duty." Robert Detlefsen Vice President of Public Policy National Association of Mutual Insurance Companies "It's tough for catastrophe-exposed business at the moment, especially as the market is split, with some areas in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. being harder than I've ever seen them. The market is also under-reserving casualty again at the moment. From 2000 to 2005 it was building reserves. Now they've gone down around 40%. This industry has a very short memory." Les Rock President and Chief Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Officer Ironshore Inc. "Any attempt to stifle market forces would be pure populist pop·u·list n. 1. A supporter of the rights and power of the people. 2. Populist A supporter of the Populist Party. adj. 1. demagogy dem·a·gog·y n. The character or practices of a demagogue; demagoguery. demagogism, demagoguism, demagogy and misguided public policy. Ultimately, we cannot put the financial health of the insurance industry--and therefore, the consumers they represent-at risk due to the demands of politicians whose views may be clouded by the need to attract votes." Lord Peter Levene, Chairman Lloyd's |
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