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Re: Zardiw post# 118712

Monday, 07/11/2011 3:44:36 PM

Monday, July 11, 2011 3:44:36 PM

Post# of 312015
A lot of things were different 50 years ago, including the practice of law. For openers, attorneys were not routinely sued every time shareholders were disappointed in how a deal/transaction played out. But you are right. In the old days, the business terms of major reinsurance treaties were written out on the back of cocktail napkins, and a handshake supplied the boiler plate. Today, the contracts run in the hundreds of pages.