In 2007, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on the “Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions.” Testimony came from senators, government officials, and industry experts, including Dr. Robert Hartwig of the University of South Carolina. Dr. Hartwig addressed the recent history of catastrophic losses, the implications of rising hurricane risks, key price drivers, and the challenges to cost and access for insurance in hurricane-prone areas. Click here to watch the full hearing. Dr. Hartwig’s testimony begins at 1:51:30.