New Orleans is what it is because the federal government made it that way. And what it is today -- underwater.
More Quotes from Robert Hartwig:
These soldiers put their lives on the line and deserve the utmost respect. But even big companies haven't thought about their obligations to these people.Robert Hartwig
They can't get behind the wheel once without your insurance company knowing about it.
Robert Hartwig
We are already at about 50 billion of insured losses from catastrophes in this country so far and that could be as high as 70 billion, depending on what Katrina does. Hurricane Wilma is a situation that is going to exacerbate what was already problematic for the insurance industry.
Robert Hartwig
The vast majority of people know an earthquake is likely to occur but willingly turn down the coverage. They're playing Russian roulette.
Robert Hartwig
The bill is not substantially different in how we expected it to come out in that the government backed away involvement to extent that it could. But if there is a failure in all of this, it is in that insurers and their partners, including real estate interests, were unable to make the government realize that large-scale terrorism losses are not insurable. They are acts of war.
Robert Hartwig
You should assume that as charitable as it is, you have total liability for these individuals, in the same way as if a stranger came to your house just invited for a dinner party. If they slipped and fell, you're going to be liable for them. You do not enjoy any immunity from liability. It's a sad statement, but that's the world we live in today.
Robert Hartwig
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