|[April 07, 2017]
A.M. BestTV: Hammering Out the New Risks of Construction
In this A.M.BestTV episode, legal and insurance panelists
examine emerging liability issues, how new standards are affecting the
sector and where insurers will see the next exposures. Click on http://www.ambest.com/v.asp?v=construction317
to view the entire program.
Ken Stallard, attorney, Carr Maloney, discussed some of the emerging
issues law firms should be aware of concerning construction risks.
"A construction company needs to know the statutes for new home buyers
in the residential context," said Stallard. "About 30 states have passed
these types of notice statutes, and the trend is they are rising. These
statutes essentially require that new home buyers have to give the
builder and/or contractor prior notice before filing a lawsuit."
Kristin Gallagher, attorney, Carroll, McNulty & Kull LLC, sees that
certain laws and statutes have a direct impact on construction risks.
Consequently, a construction company has to be cognizant of the
jurisdiction that it is in, as well as the particular statutes and laws,
which are applicable.
Other people that appear in this episode:
Jay Lavroff, attorney, Lindabury, McCormick, Estabrook & Cooper, P.C;
Tony Grande, attorney, CNA.
This entire webinar, titled, "Hammering on Construction Liability," can
be viewed at www.ambest.com/webinars/construction17.
Recent episodes of A.M.BestTV include:
Willis' Angelini: Asian Insurers Pursue Mergers &Acquisitions Via
Multiple Strategies: Kvin Angelini, head of strategy,
Asia-Pacific, Willis Towers Watson, said insurers in Japan were
relatively early to making international acquisitions, but that
insurers in China and elsewhere are pursuing different strategies to
acquire companies and capabilities: http://www.ambest.com/v.asp?v=angelini417.
Data Drought Limiting Cyber Coverage Growth: A report from the
Deloitte (News - Alert) Center for Financial Services says the growth of cyber
coverage is limited on both sides, as prospective insureds are not
fully aware of their exposures and insurers have limited information
with which to underwrite risks: http://www.ambest.com/v.asp?v=deloitte317.
Insurers Face a Host of Risks, Led by the 'Risk of Inertia':
Attendees to the Philly I-Day 2017 conference in Philadelphia, PA,
cited technology changes, along with cyber, climate and health risks
as issues the insurance industry needs to address: http://www.ambest.com/v.asp?v=phillyiday317.
As Data Gets Bigger, So Does Its Impact: Insurers at the RMS
Exceedance 2017 conference in New Orleans, LA, said insurers'
abilities to capture increasing amounts of data are leading to new
ways to identify risk and focus on products: http://www.ambest.com/v.asp?v=exceedance2317nc.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at http://www.ambest.tv.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170407005631/en/
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