“Companies today are poised to capture the market share being conceded by their competitors. The worst thing that could happen at this point would be a government reaction, by legislation or regulation, that is perceived by these companies as restricting their ability to manage their business. That would reduce the flow of new capacity to the coastal market, the very thing that is most needed at this time.”
“What lesson can we draw from New York's post-Andrew temporary market dislocations? If public policy stays the course, and assists in the efforts to match buyers and sellers, the private sector will act to stabilize the market. It always does.”
“Largely because there was not an overreaction by government, other companies moved in to write the business being shed by the companies that decided to reduce their coastal exposure.”
