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It’s Not Just the Weather: The Man-Made Crises Roiling Property Insurance Markets

Risk Center Staff · August 23, 2022 ·

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Dr. Robert Hartwig co-authored a paper titled “It’s Not Just The Weather” discussing how the tragedies from Hurricane Andrew led to positive community safety innovations through modern building codes and enhanced regional mitigation initiatives. However, thirty years later, there are new, growing property insurance crises in many states resulting from man-made events—legal system abuse, government interference, and fraud.

“Hurricane Andrew forever changed the way American communities prepared for natural disasters,” said Robert Hartwig, “At the time, it was the costliest natural disaster in the United States with an estimated $27.3 billion in insured losses. In its aftermath, communities and states ultimately instituted stronger building codes and provided more investment in resiliency – both of which have undoubtedly saved countless lives.”

Click here to read the press release.

Filed Under: Media Quotes, Papers, Uncategorized

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