Quotes of Note

The Executive is not convinced that there is currently a persuasive argument to support the need for insurance for firearms in the home.

 

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Chester McPherson, deputy commissioner of the D.C. Department of Insurance

Companies underwriting federal crop insurance are likely to be among the major beneficiaries of the new farm bill when it becomes law.

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Analyst Mark McMinimy of Guggenheim Washington Research Group spekaong on the House farm and crop insurance bill.

There is no question that the marathon bombing is going to factor into the debate related to the extension of the terrorism risk insurance program.

 

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Dr. Robert Hartwig, president of the Insurance Information Institute

When someone gets hit in the pocketbook, that’s when you remember it.

 

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Connecticut State Rep. Antonio Guerrera

The Maryland Insurance Administration supported the measure, in part because the agency was receiving complaints about anti-concurrent causation clauses being used more often and in a more expansive manner.

 

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Maryland Insurance Administration spokesperson Vivian Laxton

There are still a few missing pieces to the puzzle. With some work over the next years, I think there is going to be a significant improvement in the ability to allow banks to fail.

 

 

 

 

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Darrell Duffie, finance professor at Stanford University business school.

It’s a place where a handshake means a lot, and your word is your bond. There’s a certain roll-your-sleeves-up mentality.

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EPIC Managing Principal Dan Ryan

I love my friends in the insurance industry, I really do.

 

 

 

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Florida state Sen. John Thrasher, R-St. Augustine

I deal with folks who do not have checking accounts. I have sent out bills that increased premiums by a dollar and people called me and complained.

 

 

 

 

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West Virginia insurance agent Jim Buchanan worried for his low-income, high-risk drivers if West Virginia raises minimum auto insurance limits and premiums.

I think you all don’t realize the degree to which you are pushing some of us who have been the industry’s friends for a long time. It’s increasingly difficult to continue defending the industry. One of the ways you all can prove your willingness to be a bit adaptable is to try to help us come to a solution for this.

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Texas State Sen. John Corona, at a legislative committee meeting on proposed windstorm insurance legislation.