California has a wildfire problem that is causing price and availability issues in the state's property insurance markets. Insurers have a solution. Read Dr. Robert Hartwig's comments in Politico on how allowing insurers to use more forward-looking models is a potential path … [Read more...] about Politico 12/30/2021- California continues to face wildfire risks. Insurers think they have an answer.
A.M. Best 12/22/2021- Retiring Executive Chairman Tony Nicely ‘Made Geico What It Is Today,’ Industry Watchers Say
Read Dr. Robert Hartwig's comments to A.M. Best on the 12/31/21 retirement of Geico's Executive Chairman Tony Nicely here. Nicely served on the executive board when Hartwig was the president of the Insurance Information Institute (2007-2016). Hartwig said, "Tony Nicely was the … [Read more...] about A.M. Best 12/22/2021- Retiring Executive Chairman Tony Nicely ‘Made Geico What It Is Today,’ Industry Watchers Say
CFO 11/24/2021- CFOs Battle Margin Pressures and Production Delays
CFO highlighted three businesses in different industries (Polaris, Trussway Manufacturing, and Ulta Beauty) to illustrate the challenges many businesses are currently facing due to the combination of delayed supply chains and increasing commodity prices. Dr. Robert Hartwig said, … [Read more...] about CFO 11/24/2021- CFOs Battle Margin Pressures and Production Delays
Claims Journal 11/3/2021- Insurers Say Data Shows Low Credit Scores Predict Risky Driver Behaviors
Dr. Robert Hartwig was featured in a Claims Journal article regarding his recent white paper co-authored with the APCIA on the topic of behavioral drivers of auto insurance losses. Some consumer advocates say pricing decisions based on credit scores are inherently unfair. … [Read more...] about Claims Journal 11/3/2021- Insurers Say Data Shows Low Credit Scores Predict Risky Driver Behaviors
Co-Authored White Paper- “Behavioral Validation of Auto Insurance Rating Variables”
Dr. Robert Hartwig co-authored a white paper in conjunction with the American Property Casualty Insurance Association (APCIA) on the behavioral drivers of auto insurance losses. Read the entire paper below. … [Read more...] about Co-Authored White Paper- “Behavioral Validation of Auto Insurance Rating Variables”
AM Best TV 10/28/2021- APCIA: Insurers Should Not Be Liable for Pandemic BI Losses, Now or Ever
Dr. Robert Hartwig was featured in AM Best TV's newsletter with Robert Gordon, senior vice president of APCIA, to discuss their white paper on pandemic economic losses amid plunging demand for services. Click here to watch the video featuring Dr. Hartwig, and click here to view … [Read more...] about AM Best TV 10/28/2021- APCIA: Insurers Should Not Be Liable for Pandemic BI Losses, Now or Ever
S&P Capital IQ 10/14/2021- Insurtech funding train rolls on with big Devoted Health haul
Dr. Robert Hartwig was contacted for his thoughts on Devoted Health Inc., a Medicare Advantage insurance provider, that pulled off a $1.15 billion series D funding round, demonstrating that investors are very interested in Insurtechs. It is currently valued at about $12.7 billion … [Read more...] about S&P Capital IQ 10/14/2021- Insurtech funding train rolls on with big Devoted Health haul
AAIS News 10/13/2021- Bob Hartwig Sheds Light On COVID-19, Climate Change, Cyber Risk & More
The AAIS Pulse newsmagazine featured Robert Hartwig speaking with AAIS CEO Ed Kelly on a variety of topics facing the industry today including COVID-19, climate change, cyber risk, year-end financials and more. Watch the interview here. … [Read more...] about AAIS News 10/13/2021- Bob Hartwig Sheds Light On COVID-19, Climate Change, Cyber Risk & More
S&P Global Market Intelligence 9/13/2021- NY insurance execs remember personal, professional impacts of 9/11
S&P Global Market Intelligence reflected on the tragic events of September 11 by posting an article with multiple insurance executives discussing their personal experiences and the professional impacts of the attacks. Dr. Bob Hartwig was one of the insurance executives … [Read more...] about S&P Global Market Intelligence 9/13/2021- NY insurance execs remember personal, professional impacts of 9/11
S&P Global Market Intelligence 9/13/2021- Specter of terrorism risk still hangs over insurance industry decades after 9/11
The insurance industry is still struggling with how to best address terrorism risk two decades after the tragic events of September 11, 2001. Right after the attacks, the insurance and reinsurance companies that covered terrorism risk excluded it. Dr. Robert Hartwig, who at the … [Read more...] about S&P Global Market Intelligence 9/13/2021- Specter of terrorism risk still hangs over insurance industry decades after 9/11