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Coast Expansion = P-C Insurance Problem, Says Hartwig

WASHINGTON--Rapidly expanding coastal development in high-risk areas means continued problems for the nation's property-casualty insurance market "for years to come," an insurance economist has warned

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WASHINGTON–Rapidly expanding coastal development in high-risk areas means continued problems for the nation’s property-casualty insurance market “for years to come,” an insurance economist has warned Congress.

Robert P. Hartwig, president and chief economist for the Insurance Information Institute, made his comments yesterday while testifying on the availability and affordability of p-c insurance before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

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