Search
 

Looking for the Sign

You know times are tough when even the Tooth Fairy must come to terms with a deteriorating economy.

By Eric Gilkey | Updated on March 31, 2009

You know times are tough when even the Tooth Fairy must come to terms with a deteriorating economy. The results of a tongue-in-cheek “study” by Securian Dental notes that the once frivolous fairy has gone frugal. Instead of doling out $2.09 per tooth as in 2008, the penny-pinching pixie now bestows an average of $1.88 under pillows, a decrease of 10 percent. (In related news, the Easter Bunny is downsizing basket sizes by 25 percent this year, much to the chagrin of children everywhere.)

Taking into account the current thriftiness of whimsical creatures and the parents who play them may not seem important. However, risk managers and their companies realize they need to keep an eye on the seemingly inconsequential in an effort to put prudence first and root out potential problems. The current economy seems to be sparing the P&C community the kind of devastation being wreaked on the financial sector or rather, leaders in our industry have proven to be responsible risk managers. It does, however, seem inevitable that indirect aftershocks from an imploding economy are only a matter of time in coming. What will be the signal, and will we be watching?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.