Archives for March 2020

Forbes reached out to Dr. Bob Hartwig for his thoughts about consumer groups calling for car insurance refunds. He disagrees that refunds are necessary because, "The methodology used in all 50 states was intentionally designed to adjust to the frequency of claims." Read the … [Read more...] about Forbes 3/31/2020: Consumer Groups Say We’re Overpaying For Car Insurance Because We’re Not Driving Much

Dr. Robert Hartwig was quoted in Business Insurance on the proposed COVID-19 Business and Employee Continuity and Recovery Fund. The fund would provide a mechanism to distribute relief to eligible businesses. Dr. Hartwig called the fund "laudable," but also said,"It’s not clear … [Read more...] about Business Insurance 3/31/2020: Buyers, insurers call for 9/11-type fund to relieve COVID-19 impact

The Wall Street Journal quoted Dr. Robert Hartwig in a recent article about the COVID-19 virus' impact on insurance carriers. Law makers and regulators are pushing for insurance carriers to pay billions of dollars for business losses. Insurance carriers are targeted because of … [Read more...] about The Wall Street Journal 3/30/2020: Pressure Mounts on Insurance Companies to Pay Out for Coronavirus

Dr. Robert Hartwig spoke to the Royal Gazette about the COVID-19's impact on U.S. insurance carriers. There has been a push from multiple states to force insurers to cover pandemic business interruption losses. Dr. Hartwig acknowledges that if this were to be applied across the … [Read more...] about The Royal Gazette 3/26/2020: Insurers face business interruption battle

Professor Pat Wright was contacted by The Economist for his expertise in human resource management. In the early 1990s, HR chiefs had become compliant to avoid unwanted legal and media attention; however, Patrick Wright says, "A subsequent string of corporate imbroglios elevated … [Read more...] about The Economist 3/24/2020: The coronavirus crisis thrusts corporate HR chiefs into the spotlight

The Insurance Technology Association spoke with Dr. Robert Hartwig about the insurance industry's response to COVID-19 and its impact specifically on insurtech. Dr. Hartwig says, "Global financial market volatility will likely slow most VC investment activity, including … [Read more...] about Insurance Technology Association 3/24/2020: Electronic Chat with Robert Hartwig on COVID-19 and Insurance

Dr. Robert Hartwig was quoted by NJ Advance Media on how car insurance will possibly be affected by the coronavirus. The decrease in automobile travel due to the coronavirus is prompting questions about whether this should mean decreased rates for consumers. Dr. Hartwig says, "To … [Read more...] about NJ Advance Media 3/22/2020: Should car insurance cost less as drivers stay home because of coronavirus? Consumer groups say yes.

Dr. Bob Hartwig was contacted by Claims Journal for his take on the coronavirus affecting automobile insurance. The directors of the Consumer Federation of America and the Center for Economic Justice sent a letter to state insurance commissioners asking them to tell insurance … [Read more...] about Claims Journal 3/19/2020: Consumer Groups Want Premium Offsets as Virus Shutdowns Reduce Miles Driven

The Connected Insurance Podcast presented by Agency Revolution featured Dr. Robert Hartwig on a recent episode discussing COVID-19's impact on independent agencies. He delivered a rational and clear eyed perspective on how the coronavirus will affect the modern insurance agent. … [Read more...] about Connected Insurance Podcast 3/18/2020: The Impact of COVID-19 on Independent Agencies