Experts Opinions

“When we take a risk, we are betting on an outcome that will result from a decision we have made, though we do not know for certain what the outcome will be.”

Peter L. Bernstein

“Insurance: An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.”

Ambrose Bierce

“The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome …”

Peter L. Bernstein

“The field of risk management is constantly changing. Risk managers must understand the implications of the changes, analyze how such changes affect their risk management program, look for ways to incorporate new techniques and tools into their analysis and design, and continue to broaden their knowledge of emerging trends and the financial aspects of risk management.”

Millicent Workman, CPCU

“Insurers are increasingly using multiple distribution channels to sell their products.”

Insurance Information Institute

“It is unfair to believe everything we hear about lawyers – some of it may not be true.”

Gerald F. Lieberman

“Death is one of the few things that can be done as easily lying down.”

Woody Allen

“There are more dead people than living, and their numbers are increasing.”

Eugene Ionesco

“I was never ruined but twice, once when I lost a lawsuit and once when I won one.”

Voltaire

“Protecting the company assets and the impact on earnings from a loss is a key function of the risk manager’s job. Commercial property insurance is one of the most important techniques for financing the risks associated with damage to these assets.”

Rebecca A. McQuade

“The litigious nature of American society is a risk that can impact a company’s bottom line. Liability insurance is a key tool for managing this risk.”

William B. Hedrick

“Thieves respect property. They merely wish the property to become their property that they may more perfectly respect it.”

G. K. Chesterton

“By understanding the contract, the policy-owner can make the best use of it and avoid unpleasant surprises.”

Robert I. Mehr

“When you buy life insurance, it’s relatively easy to compare first-year premium costs.But that figure tells you nothing about what the policy will cost over the long run.”

Consumers Union