Roughly 1,100 lawsuits have been filed against insurance companies since the start of the pandemic. Most of these suits involve business continuity or business interruption disputes. So far, the majority of judges have sided with insurance companies. Dr. Robert Hartwig says, … [Read more...] about CBS News 9/21/2020- Companies say insurance companies are stiffing them over coronavirus losses
Dr. Robert Hartwig, Dr. Gregory Niehaus, and Dr. Joseph Qiu collaborated on a paper titled, "Insurance for Economic Losses Caused by Pandemics," that has been accepted for publication in the Geneva Risk and Insurance Review, which will be released in October. The paper examines … [Read more...] about “Insurance for Economic Losses Caused by Pandemics” by Robert Hartwig, Greg Niehaus and Joseph Qiu
Lemonade's, an online provider of renters insurance, initial public offering highlights the value of utilizing reinsurance to shift startups to public companies. Russ Banham reached out to Dr. Robert Hartwig for comment on this recent phenomenon. Hartwig said, "Reinsurers were … [Read more...] about Russ Banham 9/10/2020- Lemonade Aftertaste: Will Reinsurers Keep Covering Unprofitable InsurTechs?
Dr. Robert Hartwig was featured on A.M. Best's TV panel about the global pandemic's impact on the insurance industry's present and future relevancy. He sat alongside Neil Sprackling the Managing Director at Swiss Re, Pina Albo the Chief Executive Officer of Hamilton Insurance … [Read more...] about A.M. Best TV Panel 8/26/2020- An Industry Transformed: Defending Relevancy
COVID-19's impact has been expansive. One impact that some experts are concerned about is how the coronavirus will affect the birth rate. During economic downturns and pandemics, birth rates decline says Dr. Robert Hartwig. “What we’ve not experienced previously, at least not in … [Read more...] about The Post and Courier 8/17/2020- How the 2020 coronavirus pandemic could decimate the birth rate in SC and the US
Dr. Robert Hartwig co-authored a white paper in conjunction with the American Property Casualty Insurance Association (APCIA) on maintaining stability in the P&C insurance markets amid COVID-19. Read the entire paper below. … [Read more...] about Co-Authored White Paper- “Communicable Disease Exclusions: Maintaining Stability in Property Casualty Insurance Markets Amid a Global Pandemic”
The recent increase in business interruption claims due to the pandemic have been almost universally rejected. This is for a variety of reasons, one of them being a pandemic or virus exclusion that was added to insurance policies following the SARS outbreak in 2003. This … [Read more...] about Associated Press News 7/28/2020- Struggling merchants, insurers battle over pandemic coverage
Click here to view the Summer 2020 newsletter in your browser. … [Read more...] about Summer 2020 Newsletter
Chief Executive Magazine reached out to Dr. Bob Hartwig and five other leading economists for their predictions on what economic recovery from COVID-19 will look like. They were asked to pick a letter to describe the shape of the predicted recovery - Dr. Hartwig chose the letter … [Read more...] about Chief Executive Magazine 6/12/2020- The Shape Of Recovery: V, U, W or L?
Best's Review, AM Best's monthly magazine, contacted Dr. Robert Hartwig about the COVID-19 Pandemic. Hartwig says, "The COVID-19 issue literally came upon the world this year. There was no opportunity to react." Read the entire article here. … [Read more...] about Best’s Review 6/2/2020- The COVID Catastrophe