Building Bridges Helps Construction Insurers Notice and opportunity to repair laws set up alternative dispute resolution options
Has construction defect litigation left you feeling like the least appreciated tribe member on a reality television show? Are exorbitant litigation costs and large damage awards putting you in jeopardy of being voted off the island?
You are if, like several insurers, you've collected premiums in the tens of millions on construction policies, but posted hundreds of millions in reserves to cover the resulting claims.
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