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ALEXANDER & ALEXANDER CEO NOTES BROAD DOUBTS ABOUT NEAR-TERM SOLUTIONS FOR HEALTH CARE, WORKERS COMP WOES

 CHICAGO, May 13 /PRNewswire/ -- As debate intensifies over the Clinton administration's health care plans, a leading insurance executive reports widespread doubt among American companies that near- term solutions are possible for costly workers compensation and health care woes.
 In a speech to corporate risk managers, T.H. Irvin, chairman and chief executive officer of Alexander & Alexander Services Inc. (A&A) (NYSE: AAL), cited an A&A survey in which U.S. executives indicated that today's workers comp and health care problems are not likely to be significantly diminished over the next three to five years.
 He noted that they were similarly pessimistic about the near-term prospects of reforming the country's highly inefficient tort system.
 Mr. Irvin's remarks at the Harold H. Hines Jr. Memorial Symposium were based in part on the findings of A&A's sixth annual U.S. Risk Management Survey. More than 1,900 executives were asked to assess the importance of public policy issues affecting their businesses.
 According to Mr. Irvin, the survey's high 20 percent response rate reflects how seriously public policy issues impact U.S. businesses.
 He noted, "The business community is saying that it sees the workers comp, health care and tort system problems as intractable, in the short- and mid-term. The burden is serious and not likely to be diminished in the years immediately ahead."
 On international matters, Mr. Irvin said that new business ventures in Central and Eastern Europe will increasingly rely on global brokers and risk management consultants as well as on insurance markets outside of those regions "since economic development in much of that area is going through a difficult period of transition."
 Despite the apparent end of the Cold War, he warned that the various unstable regions in the world usher in substantial risk management concerns. "Localized uprisings may be smaller, but they can be terrible -- and they are less containable and more spontaneous," Mr. Irvin said.
 A&A Services Inc. is a global organization of professional advisers providing risk management, insurance brokerage and human resource management consulting services from offices in more than 80 countries.
 -0- 5/13/93
 /NOTE TO EDITORS: A&A's U.S. Risk Management Survey is available from A&A Government & Industry Affairs Inc., 1300 I Street, N.W., Suite 900 East, Washington, D.C. 20005; phone (202) 371-2800; fax (202) 371-2805./
 /CONTACT: Gary Sullivan of Alexander & Alexander Services, 212-444-4572/
 (AAL)


CO: Alexander & Alexander Services Inc. ST: lllinois IN: INS SU:

PS -- NY050 -- 8215 05/13/93 15:00 EDT
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Date:May 13, 1993
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