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A Really Small Whooppee!

Risk managers can breathe easier as carriers seem more willing to bend

By Russ Banham | Updated on April 01, 2004

Risk manager Lance Ewing at Caesars Entertainment Inc. in Las Vegas hit the jackpot on his most recent property insurance renewal. With 29 casino resorts and riverboats to insure, Ewing was

able to increase the policy’s financial limits, decrease the deductible and still reap a small premium savings. He chalks up the bonanza to a combination of strong risk management and a softening property insurance market. “We stepped up our property conservation program, looking for ways to do things to protect our physical properties from the standpoint of potential losses,” says Caesars’ vice president of risk management. “I feel pretty confident about the property insurance market.”

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