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Analysis: Obama will play big role in shaping insurance industry
06 November 2008
"Change has come to America," declared Barrack Obama as he gave his victory speech in the wake of resounding win in the 2008 US presidential election. But the financial markets could be forgiven for feeling a sense of trepidation with Obama vowing to shake-up the industry...
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[barack obama]
[election]
[financial markets]
[mccain]
[president]
"Change has come to America," declared Barrack Obama as he gave his victory speech in the wake of resounding win in the 2008 US presidential election.
But while the American public views Obama's presidency as a cause for optimism, the financial markets could be forgiven for feeling a sense of trepidation with Obama and his Republican opponent in the race, John McCain, both vowing to shake-up the industry in the wake of global financial turmoil.
The eyes of insurers are, therefore, focused firmly on the soon-to-be 44th president of the United States to see how the new man in the White House will influence their industry.
So what impact will Obama have?
Joel Wood, senior vice-president of the Council of Insurance Agents...
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