S&P Global Market Intelligence reflected on the tragic events of September 11 by posting an article with multiple insurance executives discussing their personal experiences and the professional impacts of the attacks. Dr. Bob Hartwig was one of the insurance executives featured. At the time of the attacks, Dr. Hartwig was the chief economist of the Insurance Information Institute, which placed him about four blocks away from the World Trade Center. He remembers it as “mayhem in Manhattan” with confusion over “whether or not the attacks were over.” Shortly after the first plane hit the World Trade Center, Dr. Hartwig was “inundated with media requests” with questions about claims arising from the attacks. He said, “My assessment was that these claims would be paid by the industry. It was never more than a transient question as to whether or not they would be.” Read more about Dr. Hartwig’s and other executives’ experiences on September 11 here.
About Robert P. Hartwig, PhD, CPCU
Director, Risk and Uncertainty Management Center
Clinical Associate Professor
Robert Hartwig (Ph.D., University of Illinois, 1993) is clinical associate professor of finance and director of the Risk and Uncertainty Management Center. His research focuses on insurance markets and structures, risk management, pandemic risk, risk-bearing capital market instruments, the financing of technology risks and venture capital in insurance markets. He makes frequent presentations to insurance industry management, boards of directors, regulators and legislators. Prior to joining the Darla Moore School of Business, he was president and economist for the Insurance Information Institute in New York and in prior positions worked for Swiss Re, the National Council on Compensation Insurance and the U.S. Consumer Product Safety Commission. He has also served as an adjunct professor at Florida Atlantic University. His professional experience includes expert witness testimony and testimony before numerous congressional and state legislative committees. He holds the Chartered Property Casualty Underwriter (CPCU) credential and speaks frequently in the media on all issues related to insurance markets.