A.M. BestTV: Hammering Out the New Risks of Construction

OLDWICK, N.J.--()--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; and
  • Tony Grande, attorney, CNA.

This entire webinar, titled, “Hammering on Construction Liability,” can be viewed at www.ambest.com/webinars/construction17.

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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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Contacts

A.M. Best
Lee McDonald, +1-908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com

Contacts

A.M. Best
Lee McDonald, +1-908-439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com