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N.Y. Builders to Form Own Liability Insurer

East News • April 12, 2004
Having seen the pool of private insurers selling them policies dry up, home builders in New York will provide their own coverage. "We are taking matters into our own hands,'' said Phil LaRocque, ...

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Subject: RE: Risk Purchasing Groups; Industry Captives

Posted On: April 19, 2004, 11:30 pm CDT
Posted By: Jeff Jones
Comment:
Home builders should also consider express remedy aggreements if allowable by state statutes. Also, key aspects of risk managment for builders should include the proper disclosure acceptance expectations between the builder, the sub-contractor, and the homeowner. It is the reason some states have only a 3% loss ratio against construction defect
disputes. Any specialized captive would be wise to consider such additions mandatory to their coverage.
Subject Posted By Posted On
RE: Risk Purchasing Groups; Industry Captives Jeff Jones
Apr 19, 2004, 11:30 pm
Cool contractor adjustors Smitty
Apr 19, 2004, 2:47 pm
Homebuilders Dan Lloyd
Apr 12, 2004, 8:21 pm
Risk Purchasing Groups; Industry Captives DJS
Apr 12, 2004, 12:27 pm
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