Fennemore Construction insurance is not a predictable risk—it is an escalating one. Claims are rising in both frequency and severity, driven by labor shortages, increasing project complexity, and a more aggressive litigation environment. Financial exposure is accelerating as well. U.S. liability losses have climbed by tens of billions over the past decade, while defect claims… Continue reading The Hidden Fault Lines In Colorado Construction Insurance
Tag: Construction Insurance
Navigating the New Frontier: Insurance for Artificial Intelligence Risks
Andrew Connelly and Jeffrey Meagher | K&L Gates On 27 December 2023, The New York Times filed a lawsuit against OpenAI and Microsoft alleging copyright infringement in connection with OpenAI’s popular ChatGPT technology. This lawsuit is part of the first wave of artificial-intelligence-related lawsuits that have targeted some of the biggest technology companies in the world and… Continue reading Navigating the New Frontier: Insurance for Artificial Intelligence Risks
A Primer on Insurance for Construction Projects
Garret Murai | California Construction Law Blog People who live in glass houses should have insurance (in addition to not throwing stones). So too should your construction project. The risks inherent on a construction project are many and varied, ranging from property damage to personal injury to pollution remediation costs, and wise contractors and project… Continue reading A Primer on Insurance for Construction Projects
Construction Insurance in a Time of COVID-19
Ronald G. Robey | Smith Currie & Hancock Introduction. The proverb “may you live in interesting times,” certainly applies today; however, we wish the times were not so interesting. Most contractors are looking to their insurance for possible assistance with the delays, disruptions, and claims arising from the effect of the COVID-19 pandemic on current construction… Continue reading Construction Insurance in a Time of COVID-19
Property Damage, Occurrences, Delays, Offsets and Fees. California Decision is a Smorgasbord of Construction Insurance Issues
Garret Murai | California Construction Law Blog | November 13, 2017 I read once that 97 percent of cases never go to trial. However, there are still the ones that do. And, then, there are the ones that do both. The following case, Global Modular, Inc. v. Kadena Pacific, Inc., California Court of Appeals for the Fourth District,… Continue reading Property Damage, Occurrences, Delays, Offsets and Fees. California Decision is a Smorgasbord of Construction Insurance Issues