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.
More Quotes from Robert Hartwig:
There's evidence that many soldiers will exhibit mental stress from their experience, and it's important for employers to monitor them, particularly if they're operating heavy machinery or driving.Robert Hartwig
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.
Robert Hartwig
New Orleans is what it is because the federal government made it that way. And what it is today -- underwater.
Robert Hartwig
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.
Robert Hartwig
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.
Robert Hartwig
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.
Robert Hartwig
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