Robert Hartwig
Robert Hartwig
backs commercial happy industry lines obviously worker
The industry is obviously happy and grateful. It backs the most important lines -- worker compensation and commercial property.
although extending extension increase industry largely looking months satisfied shape six taken
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.
depend
A lot will depend not just on where you live, but who your insurer is.
agencies capital event facing multiple outlet raise rates rating standard state taking telling
Allstate's facing a conundrum where it can't raise rates because state regulators won't let it, yet the rating agencies such as Standard & Poor's are telling it to keep more capital in the event of multiple catastrophes. They are taking the only outlet available.
areas assure distance feasible federal financial government hurricane needs people price quite recovery reflected risk state
The local, state and federal government are still at quite a distance away from a financially feasible solution. While there needs to be a way to assure the financial recovery of hurricane victims, you also need to make sure the risk is reflected in the price that people that live in high-risk areas pay.