Politicians are loath to do anything that would hurt development in their local district. Politically, it would be impossible to propose limiting development.
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Typically, they want to know how many people are residents in your household. That creates a different liability situation, and you need to inform your insurance company about that.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.
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The industry is largely satisfied with the way the TRIA extension has taken shape although there is some consternation over the increase in trigger. But six months ago, even the possibility of extending TRIA was looking grim.
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The industry is obviously happy and grateful. It backs the most important lines -- worker compensation and commercial property.
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I'm skeptical that a lot of people will use them, and I'm even more skeptical that Congress is in a mood right now to pass anything that has a negative budget impact.
Robert Hartwig
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