Insurance-renewals week has arrived in the City of Los Angeles, one of the most stressful times of year for any risk manager—but Victor Parker exudes calm. 

It's a formidable task that entails Parker to reacquaint himself with a list of exposures so varied and so vast that it would make most risk managers' eyes water: Police and firefighting forces large enough to serve the second-biggest city in America, covering an area of 469 square miles. The largest water and power municipality of its kind in the country. The city's cargo port and world airports (including Los Angeles International Airport), two of several potential key targets for terrorism. A squadron of helicopters valued at $86 million. The owner-controlled insurance program for L.A.'s massive wastewater-tunnel projects. Auto liability insurance for the city's fleet of trash haulers. The zoo. Elections insurance. Cost allocation for Workers' Comp and General Liability. Increased Cyber Liability considerations since most of L.A.'s city agencies outsourced their e-mail and other applications in 2010 as part of a five-year, $7.25-million contract with Google.

Not to mention a massive wild card that's still in play: a possible new NFL stadium project in downtown L.A. (Farmers Field), which would include the demolition and rebuilding of part of the existing L.A. Convention Center (the P&C program for which Parker is also responsible, natch).