A number of companies are going to be looking at continuing a presence there with real reluctance. State governments are going to have to figure out incentives and guarantees to minimize departures.
More Quotes from Donald Light:
Brokers and carriers have to make sure the right disclosures were made by the right people at the right time-and that they can document it.Donald Light
Unless prosecutors win the cooperation-through whatever means of the people below Buffett and Greenberg, it is unlikely that their reach will extend to them.
Donald Light
They have had more success than other foreign insurers, because of their history. To win in that market depends on being able to win the regulator game. A high-level government official is going to help.
Donald Light
The additional services brokers were providing haven't changed, but the compensation they're getting has been reduced.
Donald Light
Auditors are in a grey area and they are more replaceable,
Donald Light
The big legal question mark over the company has been resolved. But there are a number of private law suits still out there.
Donald Light
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Legend: A lie that has attained the dignity of age.
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Americans are not a perfect people, but we are called to a perfect mission.
Andrew Jackson