Robert Hartwig News

How Will Economic Pressures Affect P/C Industry?

How could the current economic environment affect workers compensation – and the property and casualty insurance industry overall – in 2023? Earlier this month, insurance veteran Robert Hartwig forecasted answers. Hartwig, a clinical associate professor of finance and insurance at …

As Homeowners Rebuild After Ian, a Cooling New Housing Market Drops Material Costs

If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been even higher than the already staggering estimates now coming from the Sunshine State. Inflation is indeed set to bump up …

Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations

Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance and the manner in which communities prepare for natural disasters – to broadcast their conclusion that man-made threats are today …

California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest

In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …

The Institutes to Add Insurance Information Institute to Its Affiliates Roster

The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards …

Catastrophe Bonds – A to Z

A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these instruments would replace traditional reinsurance and …

Interview: Public Affairs ‘Ironman’ Kevelighan Takes Helm at I.I.I.

Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. “That, for me, is the incentive to insure that I keep my training going. It’s really good for your health, obviously, mental health and physical health,” …

Schwarzenegger Discusses Risk at California Insurance Forum

It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them does. Actor Arnold Schwarzenegger on Monday …

Schwarzenegger, Hartwig to Headline May Southern California Symposium

Former California Gov. Arnold Schwarzenegger will headline an event next month at a Southern California university to benefit insurance students. Schwarzenegger will be joined by Robert Hartwig, an economist and president of the Insurance Information Institute, who could be making …

Hartwig’s 2014 Big on Post-Crisis Economy, Yellen Swellin’, Hyperdata

This is probably the 20th year ahead-yearend outlook story I’ve written over the years. They’re usually fun, and experts who comment for them can be way off, far out or spot on. Looking forward is good, and looking back is …