Business Services Industry

Winds of change blown by politics, not nature; Lack of catastrophes, steady med mal rates are major 2006 factors.(Spotlight: Year in Review: Risk Management)

Business Insurance, January, 2007 by Lenckus, Dave

Byline: DAVE LENCKUS Risk managers in the new year are contemplating the potential good and bad fallout from what they consider to be last year's most important news stories: the 2006 midterm elections and the hurricane season that wasn't. "The elections change the face of insurance, risk management and benefits for the coming 12 to 24 months,'' said Lance Ewing, vp-risk management at Memphis, Tenn.-based Harrah's Entertainment Inc.

That is, of course, if Democrats hold their slim majority in the U.S. Senate following the illness of Sen. Tim Johnson, a Democrat from South Dakota. If Mr. Johnson could not complete his term, the state's Republican governor would appoint his replacement. If he appoints a Republican, then the GOP, with tiebreaking votes cast...

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