Donald Light Quotes (14 Quotes)

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.

The big legal question mark over the company has been resolved. But there are a number of private law suits still out there.

Auditors are in a grey area and they are more replaceable,

It's a big amount of money even for a huge company like AIG to have to pay out.

The market is impressed that Liddy is taking decisive action.

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.

The question going forward is do you trade directors with 100 percent purity but facing a steep learning curve with those that are competent and seasoned board members I would say until proven guilty, you keep working with those you have.

The additional services brokers were providing haven't changed, but the compensation they're getting has been reduced.

The industry weathered Katrina, but if Rita comes ashore as a Category 4 or 5 storm, it would cast doubt on the solvency of some insurance companies and deplete the surplus capital for others.

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.

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.

Insurance companies need to take a close look at CAT modeling and geographic exposure. Although insurance companies have come a long way since 9-11, they still need to visit and revisit once again how they are using CAT modeling.

From the viewpoint of mass tort law firms, this is a gift from heaven a huge number of people who have suffered terrible losses, with 24X7 media exposure,

Both companies are dedicated to advancing to a broader array of investment products. This merger will give them bulk and more marketing channels.