47 Quotes by Robert Hartwig

Unless there is some rationalization of the price of insurance relative to the risk assumed, there will be continued problems of availability.

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.

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.

We're looking at complete chaos in New Orleans, with explosions and uncontrolled fires,

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,

New Orleans is what it is because the federal government made it that way. And what it is today -- underwater.

Politicians are loath to do anything that would hurt development in their local district. Politically, it would be impossible to propose limiting development.

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,

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.