Robert Hartwig
Robert Hartwig
abuse auto behind cases costs driver due higher insurance medical outright pressure prices principle rising share
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.
company creates inform insurance liability people
Typically, they want to know how many people are residents in your household. That creates a different liability situation, and you need to inform your insurance company about that.
continued insurance price problems relative risk unless
Unless there is some rationalization of the price of insurance relative to the risk assumed, there will be continued problems of availability.
billion country depending far high hurricane insurance katrina losses situation
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.
automobile insurance links people secret surprised taxes
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,
additional damage insurance millions seeing worst
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.
activities added alternate buying customers cycle grow home insurance likely offered paperwork reduce revenue stream
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.
activities added alternate buying customers cycle grow home insurance likely offered paperwork reduce revenue stream
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.
areas half insurance likely location northern prone rise several
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.
behind company insurance knowing wheel
They can't get behind the wheel once without your insurance company knowing about it.
disaster industry promote weigh
We don't want to promote 'serial rebuilding,' ... The industry does weigh in in post-disaster debates.
budget congress mood negative pass people skeptical
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.
active expected hurricane season twice
The 2006 hurricane season is expected to be twice as active as usual.
billion money talking
we'd be talking about $4.5 billion as a lot of money - and it is a lot of money.