David Bradford
David Bradford
aftermath appears beginning caused ceiling continue damage despite due extent financed higher hit impact increase industry insurance investment lines major market might property record report soft stopped storms strong three time worst year
As anticipated, the three major hurricanes in 2005 stopped the soft property insurance market in its tracks, but only time will tell if the aftermath of these storms will impact other lines of insurance. Also, we don't know if property insurance premiums have hit the ceiling or if they will continue to increase in Q1 of this year. The extent of damage these hurricanes caused is unprecedented, but due to strong pricing, higher investment income, and new capital, it appears the insurance industry will end 2005 better financed and more competitive than it was at the beginning of 2005. Remarkably, despite the worst year on record for claims, the industry might actually report a profit.
beyond book careful certain licensed magic stop thinking thrust work
He's careful to say you need to work with a licensed practitioner in certain cases. Beyond that, the thrust of the book is that you need to stop thinking about a magic patented pill,
clinic establish guidance help money past program provide three
He has put his own money into this, ... Without Dr. Olsen's help and guidance, we would not have been able to establish the microchip identification program or provide the Rabies Clinic for the past three years.
door doors open
He (Bopp) has always had the door open to us, ... His doors have always been open to us.
early serious terrible upfront
That was a terrible thing he did in his early 20s and he's been very upfront that he's made some serious mistakes,
based bumps downward feedback few months prices recent stable
A few months ago I would have said prices would be up as much as 20 percent. But based on recent feedback you're going to see localized bumps and a longer-term stable to downward trend.
behavior carry change control message people
(The officers) may be racist and they may be bigots. I can't change their hearts. But we can control their behavior. In controlling that behavior you have to carry that message to the people in command. Biased-based enforcement will not be tolerated,
drop effect explaining felt hurricane katrina lasting lines management managers market prices property proved question renewal resolute risk rita saw soft strengthen time whether
Risk managers who saw their renewal prices drop said they felt lucky, because those who experienced the hurricane effect are now explaining to their management why renewal premiums just went through the roof. The real question is whether Katrina and Rita will have a lasting effect and strengthen the market for a time -- potentially in all lines of business, not just property -- or whether this is a short-term blip in what has proved to be a pretty resolute soft market.
backs cooking people
Those are people who are cooking in the backs of vans, SUVs and vehicles,