"Building Blocks: Evaluating Construction Risks in New York," Insurance Day September 7, 2015
New York is experiencing a building boom at present, notes Goldberg Segalla Global Insurance Services partner Todd D. Kremin, but the state’s Labor Law and the intricacies of loss transfer protocols demand special attention from excess and surplus carriers writing local construction risks.
In this article written for Insurance Day’s Excess and Surplus Lines Market Special Report, Todd examines how New York’s controversial “Scaffold Law” — which can impose strict liability on owners and contractors for elevation-related accidents — and judicially imposed “horizontal exhaustion” requirements exacerbate and complicate the risk.
Read the article here:
- “Building Blocks: Evaluating Construction Risks in New York,” Insurance Day, September 7, 2015 (subscription required)