Trying to get a consensus on the issues facing insurers writing contractors general liability insurance is like trying to herd cats. This fact has become apparent as we talk to homebuilders, brokers, insurers and reinsurers on the issues facing this marketplace during the course of our consulting work.
Whether we're trying to ascertain the effectiveness of notice-and-opportunity-to-repair (NOR) laws, which state has the potential to become the next problem state for construction defect litigation, or whether wrap policies are successfully keeping loss adjustment expense claims down, we get mixed answers.
Mixed answers are evident in trying to sort out trends in the frequency of construction defect claims by state.
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