On September 8, Tropical Storm Mindy became the 13th named storm of 2021. Only four other years since 1966 have had at least 13 named storms by September 8. Scientists say the total number of tropical storms isn't increasing, but the intensity of these storms is increasing. Dr. … [Read more...] about Univision 9/10/2021- Destructive 2021 hurricane season reaches its peak as insurance industry warns of “riskier” landscape
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Fall 2021 Back-to-School RMI Newsletter
Click here to view the 2021 Back to School Newsletter in your browser. … [Read more...] about Fall 2021 Back-to-School RMI Newsletter
CFO 8/19/2021- Meme Stock Phenomenon Presents Opportunities for CFOs
Meme stocks commonly experience a rapid increase in share price due to brand heritage, promotion on social media, technical trading signals or all three. This phenomenon gives CFOs of distressed companies, who are typically shunned by sophisticated asset buyers, a capital raising … [Read more...] about CFO 8/19/2021- Meme Stock Phenomenon Presents Opportunities for CFOs
StrategicCFO360 8/17/2021- Economic Outlook 2022: Enjoy The Ride, Despite The Bumps
StrategicCFO360 interviewed five different economists in a recent article to gain an outlook on the 2022 economy. Dr. Robert Hartwig was one of the economists interviewed. On the projected 6.7% GDP growth this year and 5% GDP growth next year, Hartwig said, "the economy is … [Read more...] about StrategicCFO360 8/17/2021- Economic Outlook 2022: Enjoy The Ride, Despite The Bumps
Claims Journal 7/27/2021- Ruling May Portend Bitter End for COVID Business Interruption Claimants
Claims Journal's recent article on a court ruling that dismissed a dental practice’s COVID-19 business interruption claim proposes that this may be the beginning of the end for arguments that income lost because of COVID-19 government shutdowns should be recovered through … [Read more...] about Claims Journal 7/27/2021- Ruling May Portend Bitter End for COVID Business Interruption Claimants
Senator Tim Scott’s Website 7/22/2021- Ranking Member Scott Leads Senate Hearing on Potential Frameworks to Address Future Pandemic Risk
United States Senator Tim Scott led a hearing of the Securities, Insurance, and Investment Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs to receive relevant perspectives on potential ways to manage financial losses that may arise from future … [Read more...] about Senator Tim Scott’s Website 7/22/2021- Ranking Member Scott Leads Senate Hearing on Potential Frameworks to Address Future Pandemic Risk
Carrier Management 6/21/2021- How to Value an InsurTech
A Carrier Management article investigates the valuation of InsurTechs compared to more traditional insurance carriers. InsurTechs are often overvalued. This is demonstrated by companies like Root Insurance and Lemonade. Dr. Robert Hartwig is critical of InsurTech startups chances … [Read more...] about Carrier Management 6/21/2021- How to Value an InsurTech
The Wall Street Journal 5/29/2021- Insurance Exclusions Left Black Tulsans Footing the Bill for the Massacre
The Wall Street Journal posted an article about the Tulsa race 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
San Antonio Express News 5/20/2021 – Ad spending soars at San Antonio’s USAA as membership gains shrink
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
Carrier Management 5/18/2021- An Alternative View: Crediting Credit Scores
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