Robert Hartwig, president and economist at the Insurance Information Institute (I.I.I.), met today at 10 a.m. EST/9 a.m. CST with Tuscaloosa Mayor Walt Maddox.
Hartwig presented to Mayor Maddox a generous check from the I.I.I. on behalf of the industry to the City of Tuscaloosa's Storm Recovery Fund. The fund was established to cover the costs of rebuilding public properties.
"Private-sector insurers are expected to pay as much as $2 billion in response to the 165,000 anticipated claims their Alabama policyholders will file in the wake of April 2011's devastating tornadoes," Hartwig stated.
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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
