Robert Hartwig
Robert Hartwig
higher homes people quickly rebuild resistant side
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,
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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.
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.
billion money talking
we'd be talking about $4.5 billion as a lot of money - and it is a lot of money.
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.
hurt impossible limiting loath local propose
Politicians are loath to do anything that would hurt development in their local district. Politically, it would be impossible to propose limiting development.
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.
federal government orleans today
New Orleans is what it is because the federal government made it that way. And what it is today -- underwater.
chaos complete explosions looking
We're looking at complete chaos in New Orleans, with explosions and uncontrolled fires,
automobile insurance links people secret surprised taxes
Many people would be surprised how many secret taxes are levied on automobile and homeowner insurance premiums, some of which have tenuous links on auto safety,
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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.
active expected hurricane season twice
The 2006 hurricane season is expected to be twice as active as usual.
budget congress mood negative pass people skeptical
I'm skeptical that a lot of people will use them, and I'm even more skeptical that Congress is in a mood right now to pass anything that has a negative budget impact.
continued insurance price problems relative risk unless
Unless there is some rationalization of the price of insurance relative to the risk assumed, there will be continued problems of availability.