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Robert Hartwig Quotes

«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.»
«If the nature of the report paves the way for some sort of permanent mechanism, that could help tremendously. But if its ambiguous or hostile towards the idea, then we will be in the exact same position as we were this time around.»
«The industry is obviously happy and grateful. It backs the most important lines -- worker compensation and commercial property.»
«Hopefully, in two years we're not in this same position again, in the 11th hour trying to negotiate terms for an extension.»
«It makes us all look like idiot savants.»
«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.»
«It's all location dependent. In the northern half of the states, it will be minimal. But in areas prone to hurricane-related risks, it's likely that insurance will rise substantially, probably for several years.»
«We dodged a bullet, ... But it's still probably going to cost insurers in the vicinity of $4.5 billion.»
«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,»
«The clock is ticking loudly, ... Insurers are about to enter negotiations with commercial clients to renew their policies for 2006.»

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