Univision 9/10/2021- Destructive 2021 hurricane season reaches its peak as insurance industry warns of “riskier” landscape

Robert P. Hartwig, PhD, CPCU · September 10, 2021 ·

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. Robert Hartwig highlights,”This trend is not new, it extends backs decades.” Hartwig noted that Ida could take Hurricane Andrew’s place as the second or third most expensive hurricane disaster ever, behind Katrina in New Orleans in 2005 and Harvey in Houston in 2017, resulting in insurance rates continuing to rise. Read the entire article 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.