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.
More Quotes from Robert Hartwig:
Based on recent precedents, compensation payments to passengers' families are running at about 2.4 million per passenger, which suggests the total cost to insurers could be between 250 million to 350 million,Robert Hartwig
The definition of 'flood' is fairly ironclad. It's essentially water that comes from below,
Robert Hartwig
We dodged a bullet, ... But it's still probably going to cost insurers in the vicinity of 4.5 billion.
Robert Hartwig
On one side will be people who want to rebuild quickly and inexpensively, and on the other will be those who say, 'We need to do something different. We need to build all these homes up higher and make them more resistant to wind,
Robert Hartwig
This is an insurance adjuster's worst nightmare. We're seeing tens of millions of additional damage each day and the meter is still running.
Robert Hartwig
There are easily storm scenarios in New York that run to tens of billions of dollars. And structures on Long Island aren't as well built as new construction in Florida.
Robert Hartwig
Readers Who Like This Quotation Also Like:
Based on Topics: Failure Quotes, Government Quotes, War & Peace QuotesBased on Keywords: insurable
Don't keep a man guessing too long - he's sure to find the answer somewhere else.
Mae West
That was where my dream began to take hold, of not havin' to pick cotton and potatoes, and not havin' to be uncomfortable, too hot or too cold. That in itself had driven me to try to find some better way of life.
Buck Owens
I miss England. I miss the weather. I've spent moss of the last 25 years on tour. I'm ready to come home.
Sting