Robert Hartwig
Robert Hartwig
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.
behind company insurance knowing wheel
They can't get behind the wheel once without your insurance company knowing about it.
adjustment certainly cycle expecting frequent intense next
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.
among coverage flood homes katrina lack likely reveal rita shocking threatened together
What Katrina and Rita together are going to reveal is the shocking lack of flood coverage among homeowners, even those very likely to have their homes threatened by flood.
claims directly fewer increase lower overall rate translate
Fewer claims translate directly into a lower overall rate increase for consumers.
evidence frequent hurricane season storms
There's overwhelming evidence that the 2006 hurricane season will be longer, and storms will be more frequent and intense. We could see 20 years of this.
adjust certain exposure found issue necessary number segments united
This is not a new issue in the industry. For a number of years, insurers have found it necessary to adjust their exposure in certain catastrophe-prone segments of the United States.
assume came charitable dinner enjoy house immunity invited liability liable sad stranger total
You should assume that as charitable as it is, you have total liability for these individuals, in the same way as if a stranger came to your house just invited for a dinner party. If they slipped and fell, you're going to be liable for them. You do not enjoy any immunity from liability. It's a sad statement, but that's the world we live in today.
changes people risk
You're going to be on the hook. What if one of the people is a 17-year-old? That dramatically changes your risk profile.
additional damage insurance millions seeing worst
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.
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These soldiers put their lives on the line and deserve the utmost respect. But even big companies haven't thought about their obligations to these people.
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The state of Florida is living in denial. Florida is not living up to its obligation to control growth and shows no signs of living up to its obligation.
looking top worst
Projections that this is going to be the worst ever are probably off... we're probably looking at something that's in the top five.
based cost families million per recent running total
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.