55 ordspråk av Robert Hartwig
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.
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[Insurers say storm-surge damage is the same as flood damage.] Insurers have never collected a penny in flood-insurance premiums, ... If they're forced to pay, it could quite possibly be destabilizing and lead to the insolvency of smaller insurers in the area.
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A lot will depend not just on where you live, but who your insurer is.
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Allstate's facing a conundrum where it can't raise rates because state regulators won't let it, yet the rating agencies such as Standard & Poor's are telling it to keep more capital in the event of multiple catastrophes. They are taking the only outlet available.
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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,
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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.
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Fewer claims translate directly into a lower overall rate increase for consumers.
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Home mortgages offered through insurers are likely to grow in the future, ... Customers get the added convenience of coordinating their home buying activities and reduce the paperwork while insurers get an alternate revenue stream uncorrelated with the insurance cycle and unaffected by catastrophe losses.
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Home mortgages offered through insurers are likely to grow in the future. Customers get the added convenience of coordinating their home buying activities and reduce the paperwork while insurers get an alternate revenue stream uncorrelated with the insurance cycle and unaffected by catastrophe losses.
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Hopefully, in two years we're not in this same position again, in the 11th hour trying to negotiate terms for an extension.
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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.
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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.
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Insurers benefited from the rising short-term interest rates to generate $40.7 billion on their investment portfolio in the first nine months of the year.
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Insurers have never collected a penny in flood-insurance premiums. If they're forced to pay, it could quite possibly be destabilizing and lead to the insolvency of smaller insurers in the area.
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It makes us all look like idiot savants.
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