The Emerging Issues Shaping Real Estate Project Insurance
In years past, the process of predicting insurance costs was a relatively comfortable one. Pricing and availability were relatively predictable, and it was a matter of finding the best option for the project. Today that process isn't as simple, with cost of materials, climate losses, and other issues have added extra variables into this process.
Regulators across the country are working to stabilize the suddenly-fragile insurance markets, writes Partner Jason Adams in an article for Law360. Congress is taking action as well, but challenges remain and a lack of thorough insurance can lead to delays in funding and construction. Jason also looks at emerging risks and liabilities related to technology and weather, and how to properly navigate the insurance process.
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