Quotes of Note

Missouri will continue to be a judicial hellhole.

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Missouri Senate Majority Floor Leader Ron Richard, R-Joplin, is in favor of capping punitive damages in lawsuit awards to prevent the “judicial hellhole” effect.

This reauthorization was essential and restores much-needed certainty to the insurance industry here in the Insurance Capital.

 

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Connecticut Gov. Dannel P. Malloy

You know that they’re going bare on about 90 percent of these ideas.

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Ben McKay, executive director of the Surplus Lines Association of California

We have years to go before everything is completely rebuilt.

 

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Terry Brody, executive director of the N.J. Governor’s Office of Recovery and Rebuilding

In connection with the transaction, ACE intends to offer employment to the majority of Fireman’s Fund Personal Insurance employees.

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Juan Andrade, head of ACE Group’s personal lines and small business insurance

Sony has become a watershed event.

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Kevin Kalinich, global practice leader for cyber/network risk at Aon.

Towing charges, which should amount to a few hundred dollars, often skyrocket to a few thousand dollars once the bandit tow truck operator hauls the vehicle away from the accident scene.

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National Insurance Crime Bureau Special Agent Doreen Sanchez

Agents work with general agents largely because of the ease of doing business and the expertise of their personnel.

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David VanDelinder, executive director of the Independent Insurance Agents of Texas

It is our hope that integrating a targeted cyber security assessment directly into our examination process will help encourage a laser-like focus on this issue by both banks and regulators.

 

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New York’s Financial Services Superintendent Benjamin Lawsky

It’s almost like anybody who took an SBA loan is being penalized.

 

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Staten Island Taxpayers’ Association president Dee Vandenburg