The Wall Street Journal posted a recent article about the Tulsa massacre that took the lives of dozens of Black residents and resulted in at least 70 property owners filling insurance claims, including Loula Williams, owner of Williams Dreamland Theater. Many of the claims were … [Read more...] about The Wall Street Journal 5/29/2021- Insurance Exclusions Left Black Tulsans Footing the Bill for the Massacre
USAA, a San Antonio property and casualty insurance company, increased advertising spending by 38 percent from 2019 to 2020. The San Antonio Express News analyzes the increase in a recent article. Dr. Robert Hartwig explained that this is for a simple reason: the size of the … [Read more...] about San Antonio Express News 5/20/2021 – Ad spending soars at San Antonio’s USAA as membership gains shrink
Many insurers, although starting to use telematics in pricing decisions, still mainly rely on proxies like credit score and employment status. Carrier Management discusses how InsurTech innovation by companies like Loop and Buckle are trying to move away from this practice. … [Read more...] about Carrier Management 5/18/2021- An Alternative View: Crediting Credit Scores
Loop, a managing general agency, is planning on selling auto policies with premiums based on a combination of telematics produced driving behavior and AI data on unsafe road conditions. Read more about Loop in Carrier Management's article here. Carrier Management reached out to … [Read more...] about Carrier Management 5/18/2021- Is Loop the Future of Automobile Insurance?
The Post and Courier reported on a recent study conducted by Health Affairs that shows urgent care centers are a significant cost to the U.S. health care system. The study reports that 37 urgent care visits were associated with only one fewer visit to the emergency room. Dr. … [Read more...] about The Post and Courier 4/19/2021- Urgent care has proliferated across SC as new research raises questions about cost
Chubb made an unsolicited $23.2 billion bid for The Hartford. As Dr. Robert Hartwig points out, there are commercial lines synergies, but "he described the Chubb proposal as a chess game by CEO Greenberg, with the commercial lines business being the initial move of the pawn in a … [Read more...] about Insurance Journal 3/19/2021- Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb
The National Association of Mutual Insurance Companies (NAMIC) podcast invited Dr. Robert Hartwig to share how COVID-19 has impacted the insurance industry and the challenges the that lie ahead for the industry. Listen to the podcast here. … [Read more...] about NAMIC Insurance Uncovered Podcast 3/10/2021- COVID-19 One Year Later
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.