Robert Hartwig News

Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers

Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied …

Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers

Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …

Industry Critiques Trump’s Auto Insurance Rate Data, Promise to Cut Premiums

A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry. “Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT THAT NUMBER IN HALF!,” the current …

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,” …