Previous | Session Pages | Next
Session 18: The Cost of Terrorism: How Much Security Can We Afford?
3:45-5:00 pm Bromley/Claypool
What is the insurance industry’s view of terrorism insurance? Can it be insured? In addition, the panel will provide an update on the terrorist threat and counter-terrorism initiatives. Is there a way your company can plan for a worse-case scenario and reduce the costs through appropriate risk management?
Session Downloads
Robert Hartwig, The Cost of Terrorism: How Much Can We Afford? (slides, PDF 2 MB)
Links of Interest
Stephen Flynn, The Neglected Home Front, Foreign Affairs, Sept/Oct 2004.
Insurance Information Institute
Speakers
Armeane M. Choksi
Rubicon Capital Investment LLC
presiding
Stephen E. Flynn, Ph.D.
Commander, U.S. Coast Guard
Senior Fellow, National Security Studies Program
Council on Foreign Relations
Stephen Flynn is a Senior Fellow with the National Security Studies Program at the Council on Foreign Relations, headquartered in New York City. He is also a Commander in the U.S. Coast Guard and member of the Permanent Commissioned Teaching Staff at the U.S. Coast Guard Academy. Currently at the Council he is directing a multi-year project on "Protecting the Homeland: Rethinking the Role of Border Controls." He has served in the White House Military Office during the George H.W. Bush administration and as a Director for Global Issues on the National Security Council staff during the Clinton administration.
He is author of several articles and book chapters on border control, homeland security, the illicit drug trade, and transportation security, including the "American the Vulnerable" Foreign Affairs (Jan/Feb 2002) and "The Unguarded America" which appears in a collection of essays on the September 11 attacks published by PublicAffairs Books. He was a Guest Scholar in the Foreign Policy Studies Program at the Brookings Institution from 1991-92, and in 1993-94 he was an Annenberg Scholar-in-Residence at the University of Pennsylvania. He is a 1982 graduate of the U.S. Coast Guard Academy and has served twice in command at sea. He received a M.A.L.D. and Ph.D. in 1990 and 1991 from the Fletcher School of Law and Diplomacy, Tufts University.
Robert Hartwig
Senior Vice President and Chief Economist
Insurance Information Institute
Robert P. Hartwig is Senior Vice President and Chief Economist for the Insurance Information Institute.
Dr. Hartwig previously served as Director of Economic Research and Senior Economist with the National Council on Compensation Insurance (NCCI) in Boca Raton, Florida, where he performed rate of return and cost of capital modeling and testified at workers’ compensation rate hearings in many states. He has also worked as Senior Economist for the Swiss Reinsurance Group in New York and as Senior Statistician for the United States Consumer Product Safety Commission in Washington, DC. He is a member of the American Economic Association, the American Risk and Insurance Association, the National Association for Business Economics and the CPCU Society.
Dr. Hartwig received his Ph.D. and Master of Science degrees in economics
from the University of Illinois at Urbana-Champaign. He also received a Bachelor
of Arts degree in economics cum laude from the University of Massachusetts
at Amherst. He has served as an instructor at the University of Illinois
and at Florida Atlantic University. Dr. Hartwig also holds the Chartered
Property Casualty Underwriter (CPCU) credential.
Dr. Hartwig has authored and co-authored papers that have appeared in numerous
publications, including the Journal of Health Economics, the Proceedings of
the Casualty Actuarial Society, the John Liner Review (where he also serves
on the editorial board), Dossiers et Etudes (Geneva Association), the Journal
of Workers’ Compensation, Global Reinsurance, Risk & Insurance, Insurance
Day, Compensation and Benefits Review, and is a regular contributor to National
Underwriter and many other industry trade publications.
Dr. Hartwig also makes frequent presentations to industry associations, company management, industry executives, analysts and clients and speaks internationally on a wide range of insurance issues. He has testified before numerous regulatory and legislative bodies, including the U.S. Senate Judiciary Committee and the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Dr. Hartwig serves as a media spokesperson for the property/casualty insurance industry, and is quoted frequently in leading publications such as The Wall Street Journal, New York Times, USA Today, Washington Post, Los Angeles Times, The Financial Times, Business Week, NewsWeek, U.S. News & World Report, CFO, Fortune, Forbes, The Economist and many others throughout the world. Dr. Hartwig also appears regularly on television, including appearances on ABC, CBS, NBC, CNN, CNBC, Fox, PBS and the BBC.
