21st IRMI Construction Risk Conference Draws 955

Release Date: November 2, 2001
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NEW ORLEANS - Nine hundred and fifty-five construction risk managers, insurance brokers, underwriters, and other risk professionals attended the 21st IRMI Construction Risk Conference here this week. Sponsored by International Risk Management Institute, Inc. (IRMI), the Conference involved four full-day seminars, two general sessions, and 15 breakout sessions that were presented by 45 nationally recognized insurance, risk management, and surety experts.

"There was a consensus among the participants that the insurance marketplace would continue firming as a result of the insurance industry's financial setbacks in 2000 and earlier 2001 which would be exacerbated by the events of September 11," said Jack Gibson, IRMI's president. In addition to the firming insurance and surety bond marketplaces, some of the biggest issues for the group were continuing problems with construction defect claims and insurance coverage, including mold; inequities in contractual risk transfer activities; and how to manage the risks of design-build projects.

"Attendance was down only 9 percent from last year in spite of the events of September 11 and, while everyone was certainly more somber than in the past, the participants seem to be ready to get back to business. I think this is a good sign for our industry and our nation," said Gibson.

The IRMI Construction Risk Conference is the only national symposium devoted exclusively to insuring, bonding, and managing the risks of construction projects. The 22nd IRMI Construction Risk Conference will be held November 11 - 14, 2002 in San Diego. For information concerning the 21st 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).

International Risk Management Institute, Inc., is a Dallas-based research and publishing firm specializing in insurance, surety, and risk management. The company has done extensive research on the subject of construction insurance, surety, and risk management. IRMI's reference services provide practical information to help insurance buyers, risk managers, agents, brokers, and underwriters arrange comprehensive and cost-effective insurance, bonding, and risk management programs. Visit www.IRMI.com or call 800-827-4242 for more information about IRMI products or the annual IRMI Construction Risk Conference.