Greenberg says over-regulation is 'ruining' industry.
* A "hostile regulatory environment" is costing the United States its lead role in the insurance business.
* Using contingent commissions "has been a custom and practice for as long as I've been in the business."
* "Anybody who believes workers' comp over the years made a profit year-by-year and state-by-state believes in the tooth fairy."
* "There was nothing that I did that was improper. I only built the world's largest insurance company. I'm sorry if that offends anybody."
* "AIG was like a race horse. You have to put the right jockey on to win the race. If you put someone that only handles work horses or plough horses, that race is going to be lost. Once you lose the winning culture, you have a problem."
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|Title Annotation:||Highlights From BestWeek: Briefing|
|Date:||May 1, 2007|
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