Insurance and Economic Recovery

Posted by Plus Master at 10:11 AM
 

Fresh off of his presentation to a standing room only crowd at the PLUS International Conference, Dr. Robert Hartwig, CPCU, discusses Property Casualty Insurance and the economic recovery with Insurance Journal.

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3 Responses to "Insurance and Economic Recovery"

PLUS Jijitsue Says: January 13, 2010 (1:01AM) The concept of economic recovery is broad, it takes a lot of analysis to came up with the best economic policy tat will last in a long run. The economic crisis was created as a result of low interest rates and easy money, high-risk loans were being made, money was invested in anything and everything, the housing market inflated. Did you know that as recession begun the government already had conducted their own way to help the afflicted sectors? For instance – Make Home Affordable, the government aid program for homeowners with troubled mortgages along with some other government aid programs to help stem the tide of foreclosures. The Mortgage Banker's Association has reported that one in seven mortgages is in foreclosure, though to be fair, that probably has more to do with the unemployment rate, rather than anything else – you can't save a mortgage with payday loans, and no one can pay off a mortgage
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