Insurers, Risk Managers Face Uphill Battles In New Senate
The political earthquake that shook Washington, D.C. to its core late last month when U.S. Sen. James Jeffords of Vermont declared his independence from the Republican Party is bound to do damage to the insurance industry's cause on a number of fronts. Risk managers could also find themselves behind the legislative eight ball.
Republican control of Congress was always precarious, given the 50-50 split in the U.S. Senate. But no one anticipated that an outright defection would pull the rug out from under the newly crowned Republican government so soon. It was a devastating blow to President George W. Bush and other party leaders, but it does not have to be a crippling one.
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