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Robert Hartwig Quotes
«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.»
Author: Robert Hartwig
«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.»
Author: Robert Hartwig
«[Estimates of insured losses from Wilma range from $4 billion to $10 billion. The four hurricanes last year and the same number so far in 2005 in the state indicate that] there might be more years like this ahead, ... That means that the risks associated with insuring properties in these areas have substantially increased.»
Author: Robert Hartwig
«Fewer claims translate directly into a lower overall rate increase for consumers.»
Author: 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.»
Author: Robert Hartwig
«It's the price of paradise, ... People are drawn to landscapes.»
Author: Robert Hartwig
«we'd be talking about $4.5 billion as a lot of money - and it is a lot of money.»
Author: Robert Hartwig
«New Orleans is what it is because the federal government made it that way. And what it is today -- underwater.»
Author: Robert Hartwig
«somewhat of a paradox.»
Author: Robert Hartwig
«We don't want to promote 'serial rebuilding,' ... The industry does weigh in in post-disaster debates.»
Author: Robert Hartwig