New NGC (dba National Gypsum Company) recently announced a $347 million settlement that will protect it from present and future liability claims stemming from lawsuits against the recently bankrupt Asbestos Claims Management Corporation. More
Design firms can significantly improve their protection from liability by "improving their practice management skills," according to a study by insurance program provider DPIC Companies. More
EIFS is just one of the products that have cost builders millions over the years. That's why virtually every production builder shares the opinion of Randy Luther, vice president of construction technology for Centex Homes, about new products." More
Liability insurance is becoming increasingly expensive and is often completely unavailable to builders and remodelers in California, Mike Pattison, head of the California Building Industry Association, told state lawmakers at a legislative hearing in December.Jim Sasko of Teakwood Builders in Saratoga Springs, N.Y., says his liability insurance went from $3,570 last year to $7,689 this year, and he considers himself lucky to have gotten any coverage at all. More
