Business Services Industry
Democratic victory has advantages for industry.(Opinions)
Business Insurance, November, 2006
LAST WEEK'S CONGRESSIONAL elections have created an entirely new environment for risk management and employee benefit issues. For at least the next two years, both houses of Congress will be under Democratic control while the executive branch remains in Republican hands. While conventional wisdom may adhere to the principle of "united we stand, divided we fall,'' divided government isn't necessarily a bad situation for all issues, provided, of course, that a spirit of bipartisanship prevails.
Possibly nowhere is this truer than in the case of extending the federal terrorism insurance backstop beyond its scheduled Dec. 31, 2007, sunset. The backstop enjoys broad support on both sides of the aisle. Unfortunately, one of the relatively few lawmakers who did not...
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