Quote/unquote."The issue with earthquakes is often that the full extent of the damage is not known for some period of time. It takes much longer to assess damage from an earthquake, say, than from a hurricane." Robert Hartwig Executive vice president and chief economist Instwance Information Institute "Unless most member states do something serious about defusing the pension time bomb, it will go off in the hands of our children and grandchildren. This is a problem that needs to tackled through both a reduction of public deficits and further reforms of the pension, health-care and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. systems." Joaquin Almunia Economic and monetary affairs commissioner European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community "I'm not suggesting that the [reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. ]market is in any way, shape or form softening. But from a purchasing point of view, certainly the pressure seems to be slightly less." Bruce Bartell Active underwriter Chaucer Syndicates Ltd. "Life insurance products such as annuities and long-term care are necessary for retirement planning. We have a very significant public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and information challenge to share those facts with the public. The United States is a terribly under-saved society and without the right financial products, Americans are going to run out of money during their retirement." Frank Keating President and chief executive officer American Council of Life Insurers The American Council of Life Insurers (ACLI) is a Washington-based lobbying and trade group for the life insurance industry. ACLI represents 373 insurance companies that account for 93 percent of the U.S. life insurance industry's total assets. |
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