Quotes about renewals (10 Quotes)



    The wait time at DL stations is something we're working hard to improve. The station in Blountville is a full-service station. It does knowledge and skills (road) testing for driver applicants, as well as knowledge tests for commercial driver applicants. It handles renewals and duplicates. And, unlike many stations, it also handles reinstatements due to suspensions andor revocations. This keeps the staff very busy.

    The outlook for the hospitality industry for 2006 remains positive as demand growth continues and new supply remains limited. Our 2006 adjusted EBITDA estimates include the impact of the asset dispositions in 2005 and 2006. Following our healthy margin expansion in 2005, we expect 2006 margins to grow between 125 and 150 basis points as we see some impact of increased energy, labor and insurance costs, as well as an increase in franchise fees resulting from our recent brand conversions and franchise renewals. Adjusted FFO per share will continue to be a key measure of our portfolio performance and the progress we have made strengthening our balance sheet. Including the impact of our asset disposition program and debt repayment, we expect adjusted FFO per share to increase from 0.71 per share in 2005 to 0.88 to 0.92 per share in 2006 with first quarter adjusted FFO per share of 0.13 to 0.16.

    All of the early revenue indicators, including better than expected season-ticket renewals and single-game ticket sales, strong attendance figures, better than expected TV and radio revenues and ratings, suggest the 2005-06 year is shaping up much better than the conservative forecasts on which escrow dollars are based,

    The U.S. July renewals will be stunning as they consist mostly of renewing disaster risks, and (rate rises) will be mostly north of 30, maybe 40. Not all primary insurers have bought cover yet - they are waiting to get lower prices, but they risk paying more (as the hurricane season nears).


    The thinking is that with the major U.S. renewals coming in July, we should keep our tinder dry in terms of writing catastrophe business and feed the company with group business to build it up.

    The natural capital is not income, but we spend our natural capital as if it were revenue, as if it were going to come back next year without any problems, whereas these renewals in nature can take hundreds of years.

    Insurance underwriters are asking many more diverse questions regarding both individual risks from both a products standpoint and premises liability. And renewals are requiring more and more detail than ever before to support the types of questions they're asking.





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