A pair of heavyweights–Insurance Information Institute President Robert P. Hartwig and Consumer Federation of America Insurance Director J. Robert Hunter–battled it out over Hurricane Katrina claims, insurer profitability, federal terrorism reinsurance and other controversies in a five-round online debate today, the main event in the National Underwriter Company's first virtual conference.
The two seasoned combatants in "The Battle Of The Bobs"–who regularly clash indirectly in the media and in Congressional testimony whenever the industry is embroiled in a political crisis–took their best shots in a one-on-one debate moderated by this reporter.
Mr. Hunter delivered the first blow by declaring that "Gulf Coast residents are outraged by insurer performance after Hurricane Katrina" in settling claims that involved both wind and water damage. He scoffed at industry assertions that since almost all Katrina claims are closed, insurers did a good job in sorting out covered wind losses from flood damage insured only for those who also bought federal policies.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
