Bob Hartwig
Bob Hartwig
jackson location physical reason students targeted
Jackson was not targeted for any other reason than the physical condition, the location of it and being able to put students in other schools.
caused event eventually million several strain
We had not just one event but several that eventually caused 3 million claims. It caused an exceptional strain on claims-handling resources.
parking south stadium
Parking (at South Medford) is an issue, especially with the stadium there.
amount bankrupt companies fair insurance likely number operating smaller
That amount would likely bankrupt a fair number of smaller insurance companies operating in the state.
approach area category damage general hit hurricane level storm
Thankfully, Hurricane Isabel as a Category 2 storm did not approach the level of damage of Hurricane Floyd, which hit the same general area in 1999.
certain political price
We can price for the probability of certain events. But we can't price for what amounts to political risk.
close needed
It's really about efficiency. We needed to close one school.
deep enormous problems
That is an enormous amount. It indicates there are deep problems that haven't been addressed in the past.
company data huge needs processing
It's so commonplace. Every company with huge data processing needs is going to look at this.
added dollars millions small sounds talking
This sounds like a small percentage, but you're talking about hundreds of millions of dollars that were added in there.
money option third
The third option is the better use of money in the long run.
cannot florida homes large matter mobile numbers seriously state structures
These structures, no matter how they are constructed, cannot withstand these winds. There are large numbers of mobile homes in the state of Florida and the state has to think seriously about the suitability of these structures going forward.
along built businesses east effect expect fall generally insurance itself range risk storm within
While formidable, Isabel will fall generally within the range of catastrophic risk that insurers anticipated and built into insurance premiums for homeowners and businesses along the East Coast. I would not expect the storm by itself to have a significant effect on insurance rates.
expand proposed reason south space
The reason we have proposed replacing South Medford is that space is limited. We can?t expand there.