Magazine article Risk Management

Executive Forum

Magazine article Risk Management

Executive Forum

Article excerpt

ANY OF US-WHETHER WE ADMIT it or not-are concerned with what will happen when the clock strikes midnight on the last night of this year. So much has been written on the subject, ranging in tone from dire to offhand, that no matter what we do to prepare, there will be doubt until the actual moment.

But the worst thing that we can do, other than ignoring the potential danger of the year 2000 bug, is let it distract attention from other emerging challenges. The passing of time has brought many benefits to those who manage risk: advanced communications, new risk financing vehicles, computer catastrophe modeling, favorable insurance markets, to name a few. But as we prepare to pass into a new century, there are also many worrisome developments. One of the articles in this month's issue confronts the danger of terrorist attacks. Risk of terrorism has been with us for a long time; now, however, U.S. companies are increasingly becoming targets. And with the rate of expansion into foreign markets and locales, the danger will continue to grow.

Another feature article this month deals with the potential consequences of an aging population. …

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