“We want to stay in business in Florida in all lines,” Liddy said in a Feb. 3 meeting to report annual earnings. “It’s a big state, it’s a growing state. People want to live where its warm. So we really want to stay in the state of Florida.
But we cannot lose, on an after-tax basis, a billion and a half dollars every 10 years. That is just not a viable proposition.”
-CEO Ed Liddy 2005
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The rest of the story—2005-‘Insurers made profits despite storms’—(Copy and past the links into your browser)
“We want to stay in business in Florida in all lines,” Liddy said in a Feb. 3 meeting to report annual earnings. “It’s a big state, it’s a growing state. People want to live where its warm. So we really want to stay in the state of Florida.
But we cannot lose, on an after-tax basis, a billion and a half dollars every 10 years. That is just not a viable proposition.”
-CEO Ed Liddy 2005
____________________
The rest of the story—2005-‘Insurers made profits despite storms’—(Copy and past the links into your browser)
http://64.233.187.104/search?q=cache:E3cVwGpfGWkJ:www.floridatoday.com/apps/pbcs.dll/article%3FAID%3D/20050306/NEWS01/503060324+many+made+profits+despite+storms&hl=en
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http://www.insurancejournal.com/news/national/2005/08/15/58311.htm