IRMI Marks Silver Anniversary with Record Attendance

Release Date: November 9, 2005
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LAS VEGAS—Approximately 1,500 risk managers, agents, brokers, attorneys, and underwriters who specialize in managing or insuring the risks associated with construction projects convened here November 7–10 for the 25th IRMI Construction Risk Conference. This is the largest Conference to date and the largest gathering of construction risk professionals in the world.

The IRMI Construction Risk Conference is the only national symposium devoted exclusively to managing, insuring, and bonding the risks of construction projects. The Conference featured a full-day seminar, a general session, and 28 workshops that were presented by 57 nationally recognized insurance, risk management, and surety experts.

Contractors large and small sent their risk, insurance, and safety managers. In addition, virtually all the major providers of insurance or surety services were represented, and a substantial number of risk managers representing project owners (i.e., companies with large construction projects planned or under way) attended this year.

“Construction activity throughout the U.S. is up and risk costs have become a major competitive factor for contractors,” said IRMI president and conference co-chair Jack Gibson. “While some types of contractors have benefited from the moderating insurance market, their rates are not down as much as for companies in other industries, and those in sectors perceived to be risky, such as residential contractors, still face a hard market. By bringing the marketplace, intermediaries, and buyers together, the Conference provides unique opportunities to explore solutions to the industry’s many risk and insurance challenges. We believe this is the reason the Conference has grown in each of the past four years.”

The 26th IRMI Construction Risk Conference will be held October 9–12, 2006, in San Diego. For information concerning the 26th IRMI Conference, visit www.IRMI.com or contact International Risk Management Institute, Inc., at 12222 Merit Drive, Suite 1450, Dallas, TX, 75251, phone 800–827–4242, in Dallas, 972–960–7693, or fax 972–371–5120.