John E. Bulman, R. Thomas Dunn and Sheya Rivard | Pierce Atwood Effective March 1, 2024, the American Arbitration Association (AAA) has revised its Construction Industry Arbitration Rules and Mediation Procedures (AAA Rules). The AAA Rules provide a framework for resolving construction disputes and address a wide range of topics from arbitrator selection to discovery… Continue reading New Updates to AAA Construction Rules Now in Effect
Month: March 2024
Protect Projects From Higher Repair Costs and Property Damage
Michael Teng | Construction Executive The cost of risk—and mitigating it—has increased in construction. It’s a trend that mirrors economic headwinds that are expected to continue in 2024. Every aspect of a jobsite costs more today, from materials and labor to tools and equipment. Take construction input costs for example. While relatively flat in 2023,… Continue reading Protect Projects From Higher Repair Costs and Property Damage
Judgment Proof: Reducing Litigation Exposure with Litigation Risk Insurance
Latosha M. Ellis and Charlotte Leszinske | Hunton Andrews Kurth It is not just your imagination: verdicts are getting bigger. So-called “nuclear verdicts” have increased in size and frequency over the past decade, particularly after the COVID-19 pandemic. Litigation risk insurance is a little known, but highly effective, option meant to compliment traditional insurance products… Continue reading Judgment Proof: Reducing Litigation Exposure with Litigation Risk Insurance
Mass Timber Reduces Construction’s Carbon Footprint, but Introduces New Risk Scenarios
Allianz Mass timber has the potential to be a critical building component for the cities of the near future given the need for the construction sector to reduce its reliance on concrete and steel to lower its Co2 emissions. However, as this market grows and mass timber buildings evolve to greater heights, the construction risk… Continue reading Mass Timber Reduces Construction’s Carbon Footprint, but Introduces New Risk Scenarios
Connecticut’s New False Claims Act Increases Risk to Public Construction Participants
Fred Hedberg and William Stoll | Construction Law Zone After several decades, Governor Ned Lamont signed a bill into law, effective July 1, 2023, An Act Concerning Liability for False and Fraudulent Claims, Public Act No. 23-129, eliminating language that previously limited enforcement of Connecticut’s False Claims Act to claims relating to a state-administered health or… Continue reading Connecticut’s New False Claims Act Increases Risk to Public Construction Participants