Health care spending appears to be about 2 percent lower this year than last, which is the first decrease in health care spending since data first became available in the 1960s. While this may seem positive because health care costs in the U.S. are extremely high, the reasons … [Read more...] about The Post and Courier 12/14/2020- US health care costs are trending down in 2020, but that’s not necessarily a good thing
Zurich Insurance is acquiring MetLife's car and home insurance business for $3.94 billion. This deal represents the big push by car insurers to gain more scale to fund advertising and support technological changes. Dr. Robert Hartwig said, "There's no question that auto insurance … [Read more...] about The Wall Street Journal 12/11/2020- MetLife to Sell Car and Home Insurance Unit to Zurich for Nearly $4 Billion
Dr. Robert Hartwig was quoted in a Wall Street Journal article about the partnership between General Motors and American Family Insurance. The plan is for GM to market car insurance based on real-time data from onboard computers, which is known as telematics. Dr. Hartwig predicts … [Read more...] about The Wall Street Journal 11/19/2020- Car Insurers Struggle to Track Driving Behavior. GM May Have a Better Way to Do It.
Dr. Robert Hartwig wrote an article titled, "Despite Challenges, New Year Will Bring Strong, Stable Industry," that was published by Insurance Journal. The insurance industry has been able to remain stable despite unprecedented challenges and uncertainty. This bodes well for the … [Read more...] about Insurance Journal 11/4/2020- Despite Challenges, New Year Will Bring Strong, Stable Industry: Hartwig
Amazon's automated warehouses have a higher rate of workers injured than people working in other types of storage facilities. Washington state's workplace safety regulator is proposing a new "fulfillment center" classification to calculate workers' compensation insurance … [Read more...] about Bloomberg 10/23/2020- Amazon Injuries Risk State Backlash, Higher Workers’ Comp Costs
Dr. Bob Hartwig was interviewed by Claire Wilkinson from Business Insurance about the impact of Presidential politics on the Property and Casualty insurance industry. Watch the interview here. … [Read more...] about Business Insurance Interview 10/19/2020- Bob Hartwig on the Election’s and the Pandemic’s Impact on the P/C Insurance Industry
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
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