28th IRMI Construction Risk Conference Hosts 1,500 in Las Vegas

Release Date: October 27, 2008
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LAS VEGAS—More than 1,500 risk managers, agents, brokers, attorneys, and underwriters who specialize in managing or insuring the risks associated with construction projects convened here October 27–30 for the 28th IRMI Construction Risk Conference. 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 27 workshops that were presented by 62 nationally recognized insurance, risk management, safety, 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.

“While residential construction activity is down significantly, commercial contractors remain busy working their backlogs,” said IRMI president and conference co-chair Jack Gibson. “The economic downturn is worrisome, however, and contractors are focusing on ways to control their costs with risk management being one of the opportunities for doing so. The insurance marketplace has continued to soften despite the economic downturn, and one concern is how the reduced insurance pricing will affect the quality of safety, claims, and other services. 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 attendance remained steady this year in spite of the global financial crisis.”

The 29th IRMI Construction Risk Conference will be held November 2–5, 2009, in Washington, D.C. For more information, visit www.IRMI.com/Go/Crc or contact International Risk Management Institute, Inc. (IRMI) at 12222 Merit Drive, Suite 1450, Dallas, TX, 75251, phone 800–827–4242, in Dallas, 972–960–7693, or fax 972–371–5120.