Release Date: November 2, 2009
Contact: Contact Us
WASHINGTON, D.C.—Nearly 1,100
risk managers, agents, brokers, attorneys, and underwriters who
specialize in managing or insuring the risks associated with construction
projects convened here November 1–5 for the 29th 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
26 workshops that were presented by 52 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.
“The recession has slowed construction activity and resulted
in increased competition in all sectors. Smart construction executives
recognize that good risk management enhances their firms’ competitive
positions and have resisted any temptation to reduce or eliminate
risk management programs to cut costs,” said IRMI president and
conference cochair Jack Gibson. “As a result, there were nearly
as many contractors in attendance this year as last, though the
number of insurance professionals was down a bit. The contractors
are focusing on ways to control their costs through careful insurance
purchasing, safety programs, and good claims management. The insurance
marketplace has remained soft 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 30th IRMI Construction Risk Conference will be held November
7–11, 2010, in Nashville, TN. For more information, visit
www.IRMI.com/Go/CRC
or contact International Risk Management Institute, Inc. (IRMI)
at 12222 Merit Drive, Suite 1600, Dallas, TX, 75251, phone 800–827–4242,
in Dallas, 972–960–7693, or fax 972–371–5120.