January 2010: Corps of Engineers liable for Katrina damages, A/E liability
NEWS
Court finds U.S. liable for some Katrina damages
A federal court ruling holding the Army Corps of Engineers—and, by extension, the U.S. government—liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the property-casualty industry, an Insurance Information Institute representative said. Read more here.
Argo tackles architect, design risks with green building endorsement
Lloyd's underwrites E&O coverage for warranty, certification failure exposures. Read more here.
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FEATURES
Stimulus spurs construction resurgence
Learn what types of projects are funded by the $787 billion federal stimulus and how to help clients manage new risk. John Tutera, construction property vice president at Hiscox details these new risks. Read more here.
Growing with the green revolution
Amid all the bad economic news, many insurance experts are pinning their hopes on a "green revolution," now manifesting in a groundswell of public interest, government stimulus programs and building requirements for the use of renewable products and energy. AA&B editor Laura Toops writes about the most popular green coverages. Read more
here.
It ain't easy being green: The unique risks of green construction—and how to overcome them
As the move toward green construction pushes forward, insurance agencies need to know how to protect their clients in this unfamiliar territory. What challenges should agencies representing design professionals worry about, and how can they prevent claims from occurring? AA&B talked to Lorna Parsons, president and chief underwriting officer for Victor O. Schinnerer & Co. Inc. and managing director and head of Schinnerer's construction industry group, about the steps her company is taking to stay ahead of the curve. Read more
here.
Market Directory: Architects and engineers' insurance
Check out the insurers, managing general agencies and wholesalers specializing in architects and engineers' insurance. Listings include All Risks, Crump, NIF Group and more. Read more
here.
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