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.
More Quotes from Robert Hartwig:
They can't get behind the wheel once without your insurance company knowing about it.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
There's evidence that many soldiers will exhibit mental stress from their experience, and it's important for employers to monitor them, particularly if they're operating heavy machinery or driving.
Robert Hartwig
We are certainly expecting that for the next 20 years or so we will be in a cycle of more frequent and intense storms. There's going to have to be an adjustment in the industry.
Robert Hartwig
Rising medical costs are the principle driver behind higher auto insurance prices in the U. S. and a significant share of that pressure is due to abuse and in some cases outright fraud.
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
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