No Risk Management Techniques can top "perfect storms"

I read an article in the insurance journal the other day about Louisiana's economy. The "perfect storm" of sour economic conditions is brewing. BP oil spill, space program shut down, defense contractor cut backs, and the recession, are all showing continual economic erosion in the State for the forseeable future. This makes me realize that no matter how good you are as a risk manager of your business, there are still risky things out of your control that can devastate your business. The good news is that these scenarios happen very rarely and due to the low frequency, small business still survives and grows. Until next time be careful out there and know your risks. K

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