Emerging Trends in Construction:
|
|
- Dennis Rice
- 6 years ago
- Views:
Transcription
1 Emerging Trends in Construction: Insurance Coverage and Practice James B. Atkins, FAIA, FKIA Atkins Consulting Solutions 7139 Briarmeadow Dr. Dallas, Texas
2 James B. Atkins, FAIA, FKIA, has worked in design and construction for over 45 years. He was an owner/principal at HKS architects for 32 years. His published work includes articles in the Architect s Handbook, numerous periodicals, and two books. Speaking includes venues for design, construction, insurance and legal associations and organizations. Jim provides standard of care consulting services, and he is the 2017 Chairman of the AIA International Committee.
3 Emerging Trends in Construction: Insurance Coverage and Practice Table of Contents I. Professional Liability Insurance Carrier Survey and Annual Interviews...5 II. PLI Carrier Survey and Interview Summary...6 A. Insurance Industry Trends...6 B. Professional Service Trends...6 C. Claims Type/Frequency...6 D. Claims Severity...7 E. Alternative Project Delivery Methods...7 F. Green/Sustainable Related Services...7 G. Cyber Security...7 H. Condominium Projects...8 I. Alternate Counsel...8 III. The AIA Trust...8 A. Practice Resources...8 B. White Papers...8 C. Legal Network...9 D. Contacting the AIA Trust...9 IV. Attachment: REPORT: AIA/AI ATRUST Professional Liability Insurance Carrier Annual Interviews 2015 (NOTE: The 2016 report will be published in the first quarter of 2017)...10 Emerging Trends in Construction: Insurance Coverage and Practice Atkins 3
4
5 Emerging Trends in Construction: Insurance Coverage and Practice The risks inherent in the design and construction industry are determined by many factors which include the economy, available labor, case law, and product availability/performance to name a few. Accordingly, the way in which the industry responds to these factors through insurance resources, industry documents, and design and construction trends can provide beneficial insights for anticipating and planning risk averse work strategies. This paper and the insurance carrier interview report referenced and enclosed reflects the emerging trends in the design and construction industry and the responsive actions taken by the AIA the AIA Trust, the NSPE, and the ACEC to aid in managing the risks we take. Risk comes from not knowing what you are doing. WARREN BUFFETT I. Professional Liability Insurance Carrier Survey and Annual Interviews Every year the AIA/AIA Trust join with the National Society of Professional Engineers (NSPE) and the American Council of Engineering Companies (ACEC) in surveying professional liability insurance (PLI) carriers to gather information regarding their policies, services, and related trends. The information gathered is intended to assist design professionals in evaluating and comparing PLI carrier products as well as for monitoring risk related trends in the industry. The process begins with a written survey submitted to all PLI carriers. Management of the survey process rotates among the three each year. The 2016 survey was developed by the NSPE with input from the AIA/AIA Trust and ACEC. The survey is typically sent out in June with responses due by the end of July. There were 18 respondents in A matrix of survey responses is compiled from the returned questionnaires, but it is not finalized until after the face-to-face interviews. Results of the 2016 final matrix can be accessed at The face-to-face interviews are held in Chicago typically in late September or early October. Only the carriers with a larger market share are invited due to time limitations. In 2016 twelve carriers out of the eighteen respondents were interviewed for 30 minutes each. The survey respondents are listed below with an asterisk (*) notation for those that participated in the face-to-face interviews. * AIG/Lexington * Allied World Aspen Insurance * AXIS Insurance * Beazley Group * Berkley Design Professional Underwriters Chubb Group (merged with ACE USA) Euclid AE * Hanover Insurance Group Emerging Trends in Construction: Insurance Coverage and Practice Atkins 5
6 * Ironshore Specialty Insurance Company * Liberty International Underwriters Markel Navigators Insurance Company * RLI TM/HCC Specialty (merged with ACE USA) * Travelers Insurance * Victor O. Schinnerer & Company * XL Catlin II. PLI Carrier Survey and Interview Summary The following is a summary of the face-to-face interview discussions and the survey results. Results were taken from the 2015 PLI carrier interviews and updated with responses from the 2016 interviews. A. Insurance Industry Trends There remains a high number of carriers participating in the PLI market. As a result, PLI products and services are being provided at relatively competitive rates. In addition, mergers and acquisitions of carriers continue. Examples include XL/Catlin in 2015 and Chubb/ACE in Overall, the PLI market continues to recover from the 2008 recession. B. Professional Service Trends Many carriers reported that more and more design firms are being more proactive in monitoring and managing risk management issues as well as responsible risk averse practice and project management. However, there were trends in the industry that were noted for concern. More specifically, due to the years of limited hiring or no hiring, there is a notable lack of experienced employees. This, combined with the slow return of workload, which causes less aggressive hiring practices, can challenge a firm s quality and management intensity. Water infiltration continues to be a significant cause for claims, thus emphasizing the need for quality management and control. Building Information Modeling (BIM) continues to increase, however, there are no significant claims associated with this delivery process. Drone use is becoming more widespread, and the AIA Trust has issued a white paper addressing risk issues. C. Claims Type/Frequency Overall, claims frequency continues to trend downward, which has been the case over the past six years. Frequency is greatly affected by market activity, and with the returning market claims frequency will inevitably rise. Larger projects continue to have more claims than smaller projects, and residential/condo projects continue to have a high frequency, especially in apartment to condominium conversions. Over half of the carriers surveyed reported that they have policy restrictions on residential/condo projects. The second highest reported claims type/frequency was for geotechnical work. Over one fourth of the carriers surveyed reported policy restrictions on geotechnical services. Finally, structural services continue to have a higher incidence of claims. 6 Construction Law March 2017
7 On a more positive note, Integrated Project Delivery (IPD) and Public Private Partnerships (P3), continue to have a low incidence of claims. In addition, Design Build (DB) continues to have a lower incidence of claims than traditional Design Bid Build (DBB). Carriers reported a low number of claims related to green/ sustainable services, and only minor claims related to emerging technologies and building materials were reported. D. Claims Severity Claims severity is determined by a comparison of the market percentage of a project type compared to the total claim dollars paid out. Claims severity continues to trend upward from last year, and this is to be expected with the continuing rise in market activity. When firm size is examined, large and small firms tend to have a higher loss ratio than mid-sized firms. Small firms struggle with claims severity because they lack the resources to manage risk effectively. Large firms, on the other hand, have the resources, but large firms do larger projects which traditionally have greater severity. Moreover, large firms, especially those with multiple offices, struggle with management continuity which tends to increase overall risk. As reported by carriers in the previous year, the trend continues for owners to attempt to make the design professional responsible for product liability. Design professionals traditionally rely on manufacturer s product data when specifying, and the continuously changing landscape of new products with limited performance histories can be perilous. Owners continue to demand increased limits on practice policies as well as project specific policies. As a result, over 70% of carriers surveyed reported that they provide some type of project specific policy. E. Alternative Project Delivery Methods The insurance industry continues to follow alternative project delivery methods such as IPD, P3, and DB. More information on these project delivery methods are contained in the AIA PLI Carrier Interview Report attached to this paper. F. Green/Sustainable Related Services Green/Sustainable projects continue to experience fewer claims than traditional projects, and carriers continue to provide premium credits for LEED certified projects. The greatest risk on this type of project is contract language that promises at a higher level than the building can perform. The AIA Contract Documents program has published a detailed guide discussing key risk and contracting issues associated with the design and construction of green/sustainable projects. AIA Document D , Guide for Sustainable Projects, including Commentary on the AIA Sustainable Projects Documents, is available for download at org/contractdocs/referencematerial/aiab G. Cyber Security The events surrounding our recent presidential election involving Russian hackers has brought the issue of cyber security risk to the forefront. Carriers have always reported that although they expect the frequency of cyber security related claims to be low, they expect the severity when such a claim occurs to be high. Given the vulnerability of the internet and the increasing incidence of denial-of-service cyber-attacks, this issue is sure to increase in concern and priority. Over half of the carriers now provide some form of cyber security coverage. Emerging Trends in Construction: Insurance Coverage and Practice Atkins 7
8 H. Condominium Projects With the case law resulting from Beacon Residential Community Association v. Skidmore, Owings & Merrill LLP and HKS, Inc., and the increase in condominium claims, the AIA Contract Documents program has published a guide for use in contracting on condominium projects. AIA Document B , Guide for Supplementary Conditions to AIA Document B for use on Condominium Projects, is available for download at I. Alternate Counsel While carriers typically use pre-qualified panel counsel, all carriers reported in the survey that they accept alternate counsel when requested by the insured. Most carriers require pre-approval at the time of policy renewal/initiation. Counsel are typically required to provide a track record of A/E defense experience. III. The AIA Trust This paper and the related DRI presentation are brought to you by the AIA Trust. The AIA Trust was established more than 60 years ago to provide quality benefits to AIA members. It was formed as a separate entity from the AIA due to IRS regulations governing ERISA trusts. The AIA Trust is the primary risk management resource for the members and components of the American Institute of Architects. In this capacity, it provides a wealth of resources that includes insurance broker information, claims studies and guides, educational programs, a professional liability insurance database, white papers, and a legal network that assists members and their firms in locating qualified A/E construction lawyers for claims defense. Since no member authentication is required on the website all information is accessible to the public. In addition, papers and other resources that are provided to the AIA Trust are published in the AIA Trust Quarterly Newsletter which is sent to 20,000+ AIA members who are firm owners/managers/decision makers. Updates are periodically published in the AIA online magazine, AIArchitect, which is distributed to all AIA members. All resources are primarily posted to the AIA Trust website listed above. A. Practice Resources On the AIA Trust website, the second bar from the left at the top of the page directs you to Practice Resources and Benefits. This section will direct you to all risk management resources. The intent of this section is to provide the design professional with the assistance necessary for managing all areas of professional risk. The AIA Trust remains open for commentary and suggestions for improving and enhancing this section. Contact information for providing suggestions can be found at the end of this paper. B. White Papers The AIA Trust provides cutting edge white papers on relevant risk management topics ranging from Services and Project Delivery to the Standard of Care. Case studies are also included. The Trust is open for the submission of what papers pending approval by the Trustees, and formats include more abbreviated papers as well as longer versions. The shorter articles are intended to provide information more succinctly as a guide or how-to message. The paper should begin with a short summary statement of risk/issue/problem as it relates to architects. It is important to include relevant examples where the architect may encounter the risk, or a short case study. The paper should conclude with specific recommendations for risk prevention and/or management and con- 8 Construction Law March 2017
9 tainment, with a summary conclusion. Illustrations in the form of photos, charts, diagrams, drawings, etc. are preferred. Checklists, matrices, charts, graphs, timelines and the like are encouraged. The shorter papers should be 3 5 pages, or words maximum. C. Legal Network The Legal Network provides a listing of qualified A/E construction lawyers listed by state. Multiple listings can be provided if the attorney is admitted in multiple states. Listing is currently free, and instructions for enrolling your firm are found under A/E Construction Law Firms, Legal Network Enrollment Process in the upper left corner of the Legal Network page. D. Contacting the AIA Trust The Executive Director of the AIA Trust is Ann Casso, Hon. AIA. For questions and commentary, contact Director Casso at ACasso@aia.org. Emerging Trends in Construction: Insurance Coverage and Practice Atkins 9
10 IV. Attachment: REPORT: AIA/AI ATRUST Professional Liability Insurance Carrier Annual Interviews 2015 (NOTE: The 2016 report will be published in the first quarter of 2017) 10 Construction Law March 2017
11 Emerging Trends in Construction: Insurance Coverage and Practice Atkins 11
12 12 Construction Law March 2017
13 Emerging Trends in Construction: Insurance Coverage and Practice Atkins 13
14 14 Construction Law March 2017
15 Emerging Trends in Construction: Insurance Coverage and Practice Atkins 15
16 16 Construction Law March 2017
17 Emerging Trends in Construction: Insurance Coverage and Practice Atkins 17
18
Professional Liability Insurance Carrier Annual Interviews 2015
Professional Liability Insurance Carrier Annual Interviews 2015 The American Institute of Architects (AIA), the AIA Trust, the American Council of Engineering Companies (ACEC), and the National Society
More information2016 NSPE / ACEC / AIA / AIA TRUST PROFESSIONAL LIABILITY INSURANCE SURVEY OF CARRIERS
2016 NSPE / ACEC / AIA / AIA TRUST PROFESSIONAL LIABILITY INSURANCE SURVEY OF CARRIERS INTERVIEW QUESTIONS PLEASE PROVIDE A WRITTEN RESPONSE TO THE FOLLOWING QUESTIONS. These questions will be asked of
More informationWill the Real Cyber Solution Please Stand Up?
Will the Real Cyber Solution Please Stand Up? Alec Cramsie, US Group Leader for Cyber insurance - Beazley London Stephanie Snyder Tomlinson, National Cyber Sales Leader, Aon Risk Solutions Peter Mullen,
More information2016 NSPE/ACEC/AIA-AIA Trust Professional Liability Insurance Survey of Carriers. VP Designers & Contractors Professional Liability
#2 COMPLETE Collector: Web Link 1 (Web Link) Started: Tuesday, July 05, 2016 10:38:16 AM Last Modified: Tuesday, July 05, 2016 11:51:00 AM Time Spent: 01:12:44 IP Address: 208.87.234.202 PAGE 1: GENERAL
More information2017 LOSS PREVENTION / RISK MANAGEMENT SEMINARS APRIL 20, 2017 DALLAS, TEXAS
2017 LOSS PREVENTION / RISK MANAGEMENT SEMINARS APRIL 20, 2017 DALLAS, TEXAS Healthy Materials and Product Transparency: Legal and Ethical Issues R. Craig Williams, FAIA Chief Legal Officer, HKS Architects
More informationUnderstanding the Cyber Risk Insurance and Remediation Services Marketplace:
Understanding the Cyber Risk Insurance and Remediation Services Marketplace: A Report on the Experiences and Opinions of Middle Market CFOs September 2010 Betterley Risk Research Insight for the Insurance
More informationACEC 2011 Professional Liability Insurance Survey Results Ver 2.0 printed 11/15/2011
ACEC 2011 Liability Survey Results Ver 2.0 printed 11/15/2011 ACE USA Arrowhead Design Division Section 1. GENERAL INFORMATION Beazley Question 1- Please provide us with your firm's contact information.
More information5/7/14. Spring International Conference - May 5-7, 2014 ABOUT SOCIUS
Spring International Conference - May 5-7, 2014 S CE I RV SE E NC H I P SS A S R CE SU T N E RR SUC N I A R OU S IU O R P SS IS C E F S O N CC LA TI UR YO SU ABOUT SOCIUS q Founded in 1997 q Nationwide
More informationCONSTRUCTION RISK PARTNERS LLC, A JLT GROUP COMPANY AMERICAN GAS ASSOCIATION JULY, 2017
CONSTRUCTION RISK PARTNERS LLC, A JLT GROUP COMPANY AMERICAN GAS ASSOCIATION JULY, 2017 AGENDA Market Review Casualty Market Property Market Emerging Risk Forecast 2 Construction Risk Partners Established
More informationAligning Risk Management with CU Business Strategy
Aligning Risk Management with CU Business Strategy Managing your most pressing risks CUNA Mutual Group Proprietary Reproduction, Adaptation or Distribution Prohibited 2016 CUNA Mutual Group, All Rights
More informationASPEN ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY AND POLLUTION LIABILITY INSURANCE NEW BUSINESS APPLICATION
ASPEN ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY AND POLLUTION LIABILITY INSURANCE NEW BUSINESS APPLICATION Aspen American Insurance Company 590 MADISON AVENUE, 7TH FLOOR NEW YORK, NY 10022 (A stock
More informationTHE SURETY & FIDELITY ASSOCIATION OF AMERICA Contact: Ed O Donnell
1140 19 th Street, NW Suite 500 Washington, DC 20036 202-463-0600 main 202-463-0606 fax www.surety.org THE SURETY & FIDELITY ASSOCIATION OF AMERICA Contact: Ed O Donnell 202-778-3632 eodonnell@surety.org
More informationProNetwork News. If You Build It, They Will Sue: Condominium Projects Part I
August 2016 Vol. VI No. 3 Eric A. Moore, CIC, LIC Moore Insurance Services, Inc. emoore@mooreinsuranceservices.com www.mooreinsuranceservices.com Trevor O. Resurreccion, Esq. Trevor Resurreccion is a partner
More informationLUNCHEON ADDRESS: SMALL BUSINESS ACCESS TO CAPITAL AND CREDIT
45 LUNCHEON ADDRESS: SMALL BUSINESS ACCESS TO CAPITAL AND CREDIT Edward M. Gramlich Member, Board of Governors of the Federal Reserve System Introduction I am pleased to be here today to kick off the conference
More informationOECD PROJECT ON CYBER RISK INSURANCE
OECD PROJECT ON CYBER RISK INSURANCE April 2016 Introduction 1. Cyber risks pose a real threat to society and the economy, the recognition of which has been given increasingly wide media coverage in recent
More informationReinsurance Market Report Half Year Contents
Contents Key Findings... 1 Summary... 2 Capital... 2 Return of Capital... 3 Return on Equity... 3 Underwriting... 4 Expense Ratios as at year-end 2016 report... 5 Catastrophe Loss... 5 Capital... 6 Highlights
More information21 st CENTURY GENERAL AGENCY, INC. Commercial Business Producers Agreement
21 st CENTURY GENERAL AGENCY, INC. Commercial Business Producers Agreement The parties hereto, in consideration of the mutual promises set forth herein, agree as follows Section 1 AUTHORIZATION AND AUTHORITY
More informationAbout Chubb. Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
About Chubb Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal
More informationNAVIGATING THE M&A LAND- SCAPE BETWEEN REINSURERS AND PRIMARY INSURERS
NAVIGATING THE M&A LAND- SCAPE BETWEEN REINSURERS AND PRIMARY INSURERS By Christian Reber and Ofir Eyal Reinsurance is an industry under pressure. Rates are stuck at historically low levels, and they show
More informationLawyers Professional Liability Claims Trends: 2011
Lawyers Professional Liability Claims Trends: 2011 Introduction As a leader in providing insurance brokerage and risk management consulting services to law firms throughout the U.S., Ames & Gough is committed
More informationLawyers Professional Liability Claims Trends: 2012
Lawyers Professional Liability Claims Trends: 2012 Insurer Survey Introduction & Overview As the U.S. economy continues its gradual recovery from the lingering effects of the global financial crisis, law
More informationLONG TERM CARE 2010 GENERAL LIABILITY AND PROFESSIONAL LIABILITY Actuarial Analysis August 2010
[ LONG TERM CARE 2010 GENERAL LIABILITY AND PROFESSIONAL LIABILITY Actuarial Analysis August 2010 2010LONGTERMCARE ii TABLE OF CONTENTS INTRODUCTION.......................... 1 Purpose......................................
More informationCHI Employed Physician Insurance Program Primary Medical Professional Liability Insurance Coverage. First Initiatives Insurance, Ltd.
Primary Medical Professional Liability Insurance Coverage First Initiatives Insurance, Ltd. Catholic Health Initiatives (CHI) is one of the largest faith-based, nonprofit health care systems in the United
More informationHelena Public Schools. Helena, MONTANA REQUEST FOR QUALIFICATIONS FOR GENERAL CONTRACTOR/CONSTRUCTION MANAGER SERVICES FOR
Helena Public Schools P a g e 1 Helena Public Schools Helena, MONTANA REQUEST FOR QUALIFICATIONS FOR GENERAL CONTRACTOR/CONSTRUCTION MANAGER SERVICES FOR ALTERNATIVE PROJECT DELIVERY FOR NEW CENTRAL ELEMENTARY
More informationRate Monitor Report and Quarterly U.S. Property & Casualty Profitability Analysis
Rate Monitor Report and Quarterly U.S. Property & Casualty Profitability Analysis Fourth Quarter 2016 Prepared by Aon Benfield Analytics Table of Contents Section 1 Section 2 Section 3 Section 4 Rate trends
More informationGLOBAL CONSTRUCTION INDUSTRY
GLOBAL CONSTRUCTION INDUSTRY June 2015 www.willis.com PROPERTY / CASUALTY MARKET OVERVIEW OVERALL RESULTS Despite a decrease in 2014, net profit for the U.S. property/casualty insurance industry has been
More informationDEFENDING BAD FAITH CLAIMS - - THE INSURER S PERSPECTIVE
DEFENDING BAD FAITH CLAIMS - - THE INSURER S PERSPECTIVE Eric A. Portuguese Lester Schwab Katz & Dwyer LLP Updates and Hot Trending Topics Affecting Insurance Coverage NYSBA May 12, 2017 INTRODUCTION Expanding
More informationFIDUCIARY LIABILITY Risk review performed for: Date:
ForeFront Portfolio SM Risk Analyzer for Privately Held Companies FIDUCIARY LIABILITY Risk review performed for: Date: The Purpose of the Risk Analyzer When it comes to insuring your company, you can
More informationWhat the Stats Don t Show: D&O Coverage Issues in the Real World. Presentation by White and Williams LLP
What the Stats Don t Show: D&O Coverage Issues in the Real World Presentation by White and Williams LLP Recent Trends in Securities Litigation / Regulatory Enforcement Actions and Impact on D&O Coverage
More informationCase Document 758 Filed in TXSB on 04/03/18 Page 1 of 5
Case 17-36709 Document 758 Filed in TXSB on 04/03/18 Page 1 of 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: Chapter 11 COBALT INTERNATIONAL ENERGY,
More informationMARSH MARKET IDS FOR SELECTED INSURERS
2017 MARSH MARKET IDS FOR SELECTED INSURERS AAI Limited 3559 Australia SUNCORP METWAY GROUP D615 ACE American Insurance Company 0437 United States CHUBB LIMITED 3093 ACE European Group Ltd B002 United
More informationTHE PATH TO PROFIT: SELECT THE RIGHT CLIENTS AND THE RIGHT PROJECTS
THE PATH TO PROFIT: SELECT THE RIGHT CLIENTS AND THE RIGHT PROJECTS Bob Van Arsdall Design Professional unit of XL Group Ken Tichacek PSMJ Resources, Inc. March 28, 2013 This presentation contains proprietary
More informationCommon Misconceptions of the Surplus Lines Industry
Common Misconceptions of the Surplus Lines Industry In the Consideration of Private Flood Insurance Options H.R. 1422/S. 563 MISCONCEPTION: The surplus lines industry is unregulated The surplus lines industry
More informationPension Real Estate Quarterly Newsletter
Pension Real Estate Quarterly Newsletter The Survey of Plan Sponsor Research Interests: A New Direction for Applied and Academic Researchers Submitted by: Barry Ziering, PhD Elaine Worzala, PhD The Survey
More informationWhat Does It All Mean and What Can We Do? October 1-2, 2015, Westin Michigan Avenue, Chicago, Illinois
What Does It All Mean and What Can We Do? Traci S. Lagasse Partner Jennifer L. Hamilton Associate Guy Hollingsworth Claims Manager BROKER UNDERWRITER CLAIMS PROFESSIONAL ATTORNEY RISK MANAGER OTHER Is
More informationA Guide to the Schinnerer and CNA Risk Mitigation Credit. Reducing Your Deductible Expense Through Prudent Practice Management
A Guide to the Schinnerer and CNA Risk Mitigation Credit Reducing Your Deductible Expense Through Prudent Practice Management Introduction Schinnerer and CNA s new Risk Mitigation Credit (RMC) is a unique
More informationContractors, Design-Builders and Construction Consultants Contractors Professional Liability and Pollution Incident Liability
Contractors, Design-Builders and Construction Consultants Contractors Professional Liability and Pollution Incident Liability THIS IS AN APPLICATION FOR A CLAIMS MADE AND REPORTED POLICY. This Application
More informationDESIGN PROFESSIONALS LIABILITY INSURANCE APPLICATION NAVIGATORS INSURANCE COMPANY
DESIGN PROFESSIONALS LIABILITY INSURANCE APPLICATION NAVIGATORS INSURANCE COMPANY THIS IS A CLAIMS MADE AND REPORTED POLICY. THIS POLICY APPLIES TO THOSE CLAIMS THAT ARE FIRST MADE AGAINST THE INSURED
More informationBuilding a Private Equity Insurance Program
Building a Private Equity Insurance Program Houston, TX Thursday, November 5, 2009 John Ambrose Department of Financial Institutions Chubb Specialty Insurance Agenda I. Introduction / U.S. Statistics II.
More informationResults for the year ended 31 December 2011
Cover Results for the year ended 31 December 2011 Tuesday, 7 February 2012 Disclaimer notice Certain statements made in this presentation, both oral and written, are or may constitute forward looking statements
More informationADMINISTRATIVE ANALYST (Class Code 1590) TASK LIST
ADMINISTRATIVE ANALYST (Class Code 1590) TASK LIST A. General Administration 1. Writes narrative material such as letters, memos, and reports on various personnel, budgetary, contractual, grant, and policy
More informationGIRO / CARe International Pricing Research Working Party Property Risk
GIRO / CARe International Pricing Research Working Party Property Risk Analyzing the Disconnect Between the Reinsurance Submission and the Global Underwriters Needs Synopsis for GIRO Annual Conference:
More informationQUARTERLY PROJECT HIGHLIGHT REPORT
Appendix 1 QUARTERLY PROJECT HIGHLIGHT REPORT PROGRAMME/POLICY AREA: Breaking down regulatory barriers As the traditional boundaries between different legal professions and business models disappear, regulation
More informationSegmenting the audit universe
Segmenting the audit universe Janette Smith, Head of Audit, Products, Sales and Servicing, Nationwide Building Society Ian Hersey, Head of Audit Methodology, Lloyds Banking Group Introduction Key points
More information2018 THE STATE OF RISK OVERSIGHT
2018 THE STATE OF RISK OVERSIGHT AN OVERVIEW OF ENTERPRISE RISK MANAGEMENT PRACTICES 9 TH EDITION MARCH 2018 Mark Beasley Bruce Branson Bonnie Hancock Deloitte Professor of ERM Director, ERM Initiative
More informationREQUEST FOR QUALIFICATIONS FOR GENERAL CONTRACTOR/CONSTRUCTION MANAGER SERVICES FOR ALTERNATIVE PROJECT DELIVERY FOR THE CONSTRUCTION OF A NEW LIBRARY
Missoula Public Library P a g e 1 REQUEST FOR QUALIFICATIONS FOR GENERAL CONTRACTOR/CONSTRUCTION MANAGER SERVICES FOR ALTERNATIVE PROJECT DELIVERY FOR THE CONSTRUCTION OF A NEW LIBRARY September 2015 Missoula
More informationGreat Expectations: What Design Firms Expect from Outside Counsel
Schinnerer s 54 th Annual Meeting of Invited Attorneys 1 Great Expectations: What Design Firms Expect from Outside Counsel by Alison R. Mullins, Esquire Expectation management is the key to all successful
More informationThe Auto Club Group Retiree Health Program. Medicare-Eligible Retiree Guide
The Auto Club Group Retiree Health Program Medicare-Eligible Retiree Guide Replacing Your Auto Club Group Retiree Health Plan Did You Know? With the Aon Retiree Health Exchange, you could potentially pay
More informationCorporate Risk Appetite and Program Structuring White paper 3 of 3
The first paper in this series discussed the impact that loss volatility has on the risk finance decision making process, and the second paper explored the notion of loss dependence and the influence of
More informationP&C Carrier Due Diligence: Taking Control
P&C Carrier Due Diligence: Taking Control May 26, 2016 Provides private credit analytics on the life, property & casualty, and health industries Located in Windsor, CT Years in Business: 17 Principals
More informationDAN A. BAILEY. 10 West Broad Street New Albany, OH Columbus, OH (614) (614) I. EDUCATION
DAN A. BAILEY Bailey Cavalieri LLC 4384 Riverway Court 10 West Broad Street New Albany, OH 43054 Columbus, OH 43215 (614) 855-4439 (614) 221-3155 I. EDUCATION - Bowling Green State University, Bachelor
More informationRisk Management in the Boardroom
Risk Management in the Boardroom Ann Gariti, Aon Corporation Eric Blanchard, United Stationers Inc. Jeff Stolle, Career Education Corporation Steve Shappell, Aon Corporation Kelly Superczynski, Aon Corporation
More informationARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE THIS IS AN APPLICATION FOR A CLAIMS MADE AND REPORTED POLICY
ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE THIS IS AN APPLICATION FOR A CLAIMS MADE AND REPORTED POLICY This Application for Architects and Engineers Professional Liability Insurance is
More informationMembership Application & Renewals Documentation / Education and events / Guidelines and best practice / Regulation and lobbying
Membership Application & Renewals 2017 Documentation / Education and events / Guidelines and best practice / Regulation and lobbying The LMA Mission Member Benefits The Loan Market Association (LMA) has
More informationPLAN DESIGN STRATEGIES FOR SUCCESS
PLAN DESIGN STRATEGIES FOR SUCCESS PLAN DESIGN STRATEGIES FOR SUCCESS EXECUTIVE SUMMARY In the past, many financial advisors centered their retirement plan service model around their investment expertise.
More informationThe Green Law Group, LLP Construction and Business Attorneys 1777 E. Los Angeles Ave. Simi Valley, CA 93065
Understanding OCIP and CCIP Wrap Policies Owner-controlled insurance programs ( OCIP s ) and contractor-controlled insurance programs ( CCIP s ) are being used with increasing frequency and on smaller
More informationPrivate Wealth Services Tax Policy Counseling. Nonprofit and Tax-Exempt Organizations Global Private Client. McGuireWoods LLP
Skip is the former chair of the firm's private wealth services team and current chair of the firm's tax practice. His extensive experience includes estate planning, estate and trust administration, and
More informationResidential Assisted Living Facility Training (RALF)
Residential Assisted Living Facility Training (RALF) Overview At www.idmedicaid.com, you will find: Trading Partner Account (TPA) registration and sign-in Prior Authorization Patient Roster o Eligibility
More informationProfessional liability
Professional liability 360 www.mpplaw.com about our Practice Established in 1969, Morris Polich & Purdy llp has a rich, prestigious history of representing all types of professionals. Our many services
More informationCybersecurity Insurance: New Risks and New Challenges
SESSION ID: SDS1-F01 Cybersecurity Insurance: New Risks and New Challenges Mark Weatherford Chief Cybersecurity Strategist varmour @marktw The cybersecurity market in the Asia Pacific region contributes
More informationCyber Update Cyber Insurance Profits and Performance. May Revised with data as of June 23, Aon Benfield Analytics
Cyber Update 2016 Cyber Insurance Profits and Performance May 2017 Revised with data as of June 23, 2017 Risk. Reinsurance. Human Resources. Key Findings on 2016 Cyber Insurance Performance We are pleased
More informationThis article has been published in PLI Current: The Journal of PLI Press, Vol. 2, No. 2, Spring 2018 ( 2018 Practising Law Institute),
This article has been published in PLI Current: The Journal of PLI Press, Vol. 2, No. 2, Spring 2018 ( 2018 Practising Law Institute), www.pli.edu/plicurrent. PLI Current The Journal of PLI Press Vol.
More informationCYBER INSURANCE MARKET WATCH SURVEY EXECUTIVE SUMMARY. May 2017
CYBER INSURANCE MARKET WATCH SURVEY EXECUTIVE SUMMARY May 2017 Summary The Council of Insurance Agents & Brokers (The Council) is pleased to release its fourth biannual Cyber Insurance Market Watch Survey.
More informationPennsylvania Surplus Lines Association Total Premium by Carrier by Policy Effective Date - Post NRRA
Pennsylvania Surplus Lines Association by Carrier by Policy Effective Date - Post NRRA From Effective Date: January, 0 through December, 0 Print Date: //0 ::8AM PA 8 ACE EUROPEAN GROUP LIMITED $,. $,.
More informationThe only way to get a payment. NO LATER THAN MARCH 10, 2011 EXCLUDE YOURSELF NO LATER THAN MARCH 10, 2011 SUBMIT A CLAIM FORM
United States District Court Southern District Of New York IN RE FUWEI FILMS SECURITIES LITIGATION Case No. 07-CV-9416 (RJS) NOTICE OF PENDENCY AND SETTLEMENT OF CLASS ACTION If you purchased or otherwise
More informationRequest for Proposal for IRC 457 (b) Deferred Compensation Plan Services
Request for Proposal for IRC 457 (b) Deferred Compensation Plan Services October 2017 Table of Contents Section Page I. Introduction 3 II. Background 3 III. Criteria 3 IV. Scope of Services 4 V. Selection
More informationCyber COPE. Transforming Cyber Underwriting by Russ Cohen
Cyber COPE Transforming Cyber Underwriting by Russ Cohen Business Descriptor How tall is your office building? How close is the nearest fire hydrant? Does the building have an alarm system? Insurance companies
More informationMain Street Report Q4 2017
Q4 2017 1 About the report The Experian/Moody s Analytics Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as providing commentary around
More informationTrends in Cyber-Insurance Coverage to Meet Insureds Needs
Trends in Cyber-Insurance Coverage to Meet Insureds Needs Linda Wendell Hsu Selman Breitman LLP 33 New Montgomery Street, Sixth Floor San Francisco, CA 94105 (415) 979-0400 lhsu@selmanlaw.com William A.
More informationTravelers 1 st Choice ACCOUNTANTS PROFESSIONAL LIABILITY COVERAGE APPLICATION
Travelers 1 st Choice ACCOUNTANTS PROFESSIONAL LIABILITY COVERAGE APPLICATION SM Travelers Casualty and Surety Company of America Hartford, Connecticut Important Note: This is an application for a claims-made
More information2015 Market Share. Insurers. The Texas premium volume and loss. in Texas. for. By Regina Anderson IIAT Manager of Technical Services
By Regina Anderson IIAT Manager of Technical Services Insurers for in Texas The Texas premium volume and loss data for tells a story of slower premium growth, stable market share percentages and profitable
More informationVital Statistics Top of Mind A SURVEY OF SENIOR IN-HOUSE COUNSEL
Vital Statistics 2003 Top of Mind A SURVEY OF SENIOR IN-HOUSE COUNSEL More than Ever, Time Is Money You want to know what s on the minds of other in-house counsel and how they re dealing with today s problems,
More informationBrit EPL Defender APPLICATION FOR EMPLOYMENT PRACTICES LIABILITY INSURANCE AND, IF PURCHASED, THIRD-PARTY COVERAGE
Brit EPL Defender Please Note: APPLICATION FOR EMPLOYMENT PRACTICES LIABILITY INSURANCE AND, IF PURCHASED, THIRD-PARTY COVERAGE This Application is for a Claims First Made Policy which includes Defense
More informationPRACTICAL 409A. Specified Employee Status Under Code Section 409A. Randy L. Gegelman Barbara-Ann C. Gustaferro
PRACTICAL 409A Specified Employee Status Under Code Section 409A Randy L. Gegelman Barbara-Ann C. Gustaferro Internal Revenue Code Section 409A introduces new rules governing non-qualified retirement plans
More informationLAWYERS PROFESSIONAL LIABILITY INSURANCE
APPLICATION FOR: LAWYERS PROFESSIONAL LIABILITY INSURANCE Phone (469) 777-3025 Fax (469) 777-3976 applications@proiexp.com NOTICE: This professional liability coverage is provided on a claims- made basis;
More informationSUPPLEMENTAL QUESTIONNAIRE FOR NEW ATTORNEYS AND OF COUNSEL/INDEPENDENT CONTRACTORS
SUPPLEMENTAL QUESTIONNAIRE FOR NEW ATTORNEYS AND OF COUNSEL/INDEPENDENT CONTRACTORS INSTRUCTIONS: This form is to be completed by the Insured for each new lawyer or Of Counsel/Independent Contractor joining
More informationThe Practice Ends and ERP Here Today, Gone Tomorrow: Succession or Disaster when a Practice Ends
The Practice Ends and ERP Here Today, Gone Tomorrow: Succession or Disaster when a Practice Ends What we will cover today - Overview of succession planning and why it s important Backup Lawyer arrangements
More informationTen Reasons to Roll Over Into Your Plan Versus an IRA Michael Viljak, Manager, Advisor Development
April 2019 Ten Reasons to Roll Over Into Your Plan Versus an IRA Michael Viljak, Manager, Advisor Development Do you have employees in a prior employer s retirement plan? Should they transfer these assets
More informationOUR POLICIES ARE OUR PROMISES.
2017 CLAIMS OVERVIEW OUR POLICIES ARE OUR PROMISES. IT S SIMPLE Businesses purchase insurance to have reliable support in the event of a claim. That s why we designed a more efficient system to address
More informationParticipant Fee Disclosures for ERISA Plans
Participant Fee Disclosures for ERISA Plans About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ( MetLife ), is one of the largest life insurance companies in the world. Founded
More informationReinsurance Broker Request for Proposals I. INTRODUCTION
Reinsurance Broker Request for Proposals I. INTRODUCTION A. BACKGROUND The Special Districts Association of Oregon (SDAO) is a non-profit association of nearly 950 special district units of local governments
More informationEmployment, Labor & Benefits Update
Employment, Labor & Benefits Update April 16, 2012 TOPIC OVERVIEW You are invited.... 1 Breaking News Hits as April 30 Looms For Non-Union Companies... 1 You are invited. On May 2, starting at 9:00 a.m.,
More informationCOMMENTARY TO OWNER S RIDER TO STANDARD FORM OF AGREEMENT BETWEEN OWNER AND ARCHITECT FOR PROJECTS OF LIMITED SCOPE (AIA DOCUMENT B )
COMMENTARY TO OWNER S RIDER TO STANDARD FORM OF AGREEMENT BETWEEN OWNER AND ARCHITECT FOR PROJECTS OF LIMITED SCOPE (AIA DOCUMENT B104 2007) INTRODUCTION Why an Owner s Rider. Real estate attorneys are
More informationRecent Amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and the Related Impact to Private Investment Firms
White Paper Recent Amendments to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and the Related Impact to Private Investment Firms The recent amendments to the Hart-Scott-Rodino Antitrust Improvements
More informationMembership Application & Renewals 2016
Membership Application & Renewals 2016 Documentation / Education and events / Guidelines and best practice / Regulation and lobbying 57 176 61 232 66 29 LMA worldwide membership The LMA Mission Member
More informationContractors & Construction Defect Coverage
Experience a World of Difference Contractors & Construction Defect Coverage BUILD A STRONGER APPROACH TO INSURING CONTRACTORS WHITE PAPER DEC 2017 Contractors & Construction Defect Coverage: Build a Stronger
More informationEmployee benefit plan large filers: Meeting your compliance and fiduciary requirements. April 20, 2016
Employee benefit plan large filers: Meeting your compliance and fiduciary requirements April 20, 2016 1 Your presenters Rose Ann Abraham, CPA Partner Baker Tilly 312 729 8086 roseann.abraham@bakertilly.com
More informationCorporate Governance and Oversight Sharon Moderator James, General Counsel, Boston Financial Amy Dauwer, General Auditor, Boston Financial.
Corporate Governance and Oversight Sharon Moderator James, General Counsel, Boston Financial Amy Dauwer, General Auditor, Boston Financial Panelists Governance Sharon James, General Counsel, Boston Financial
More informationUNDERWRITTEN IN CHUBB CUSTOM INSURANCE COMPANY A. GENERAL INFORMATION
Chubb Group of Insurance Companies 15 Mountain View Road, Warren, New Jersey 07059 RENEWAL APPLICATION BANKERS PROFESSIONAL LIABILITY POLICY UNDERWRITTEN IN CHUBB CUSTOM INSURANCE COMPANY Bankers Professional
More informationThe Ten Commandments of Design Professionals. Contracts (Vol.1) By Matthew C. Ryan. December 2018 Volume 8 / Issue 4.
BluePrint For Design Professionals The Ten Commandments of Design Professionals Contracts (Vol.1) By Matthew C. Ryan The last two-plus decades have seen a massive rise in the importance of contracts in
More informationINAE AP-0708 Page 1 of 5
Insight Insurance 2000 S. Batavia Ave., Suite 300 Geneva, IL 60134 ll Free Telephone (800) 447-4626 Telephone (630) 208-1900 ll Free Fax (888) 447-6289 Fax (630) 208-7550 ARCHITECTS AND ENGINEERS PROFESSIONAL
More informationLIST OF QUALIFIED UNAUTHORIZED INSURERS
Financial Affairs Division Arizona Department of Insurance 2910 North 44 th Street, Suite 210, Phoenix, Arizona 85018-7269 Phone: (602) 364-3450 Web: https://insurance.az.gov E-mail: ebowsher@azinsurance.gov
More informationIMPORTANT NOTICE. 1. a. Name of Applicant/Firm: b. Principal Business Address: City: County: State: ZIP Code: Business Phone: Fax: Internet address:
Insight Insurance 2000 S. Batavia Ave., Suite 300 Geneva, IL 60134 Toll Free Telephone (800) 447-4626 Telephone (630) 208-1900 Toll Free Fax (888) 447-6289 Fax (630) APPLICATION FOR ARCHITECTS AND ENGINEERS
More informationAHLA. C. Tax-Exempt Financing Basics for Section 501(c)(3) Organizations. L. Todd Gibson Squire Sanders (US) LLP Cleveland, OH
AHLA C. Tax-Exempt Financing Basics for Section 501(c)(3) Organizations L. Todd Gibson Squire Sanders (US) LLP Cleveland, OH Julie K. Seymour Ungaretti & Harris LLP Chicago, IL Tax Issues for Health Care
More informationClient Risk Solutions Going beyond insurance. Risk solutions for Financial Institutions. Start
Client Risk Solutions Going beyond insurance Risk solutions for Financial Institutions Start Partnering to Reduce Risk Financial Institutions compete vigorously to maintain profitability and deliver superior
More informationJANUARY 10, 2019 CIRCULAR NO. 02/19 TO MEMBERS OF THE ASSOCIATION. Dear Member: THE AMERICAN CLUB A NEW YEAR S PROGRESS REPORT
JANUARY 10, 2019 CIRCULAR NO. 02/19 TO MEMBERS OF THE ASSOCIATION Dear Member: THE AMERICAN CLUB A NEW YEAR S PROGRESS REPORT As 2019 begins, and as the American Club s next policy year draws near, it
More informationPolice Retirement System
City of Austin Police Retirement System REQUEST FOR PROPOSAL FOR INVESTMENT CONSULTANT SERVICES Issuer: AUSTIN POLICE RETIREMENT SYSTEM Pattie Featherston, Executive Director 2520 SOUTH IH-35, SUITE 100
More informationLAWYERS PROFESSIONAL LIABILITY INSURANCE APPLICATION
A Division of NIF Group, Inc. 30 Park Avenue Phone: 516-365-7440 Manhasset, New York 11030 Fax: 516-365-9566 Email:dvicari@nifgroup.com Toll-Free: 800-664-3776 1. Applicant Information LAWYERS PROFESSIONAL
More informationDirectors and Officers Liability Insurance
Directors and Officers Liability Insurance Challenges and Coverages Richard S. Pitts, IIAI General Counsel 8900 Keystone Crossing, Suite 800 Indianapolis, Indiana 46240 Phone: 317-554-8592 Fax: 317-554-8593
More informationApplication for Architects & Engineers Professional Liability Coverage
Application for Architects & Engineers Professional Liability Coverage New Application Renewal Application Schinnerer Use Only ISN: Renewal Policy #: Broker #: The insurance coverage for which you are
More information