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30th IRMI Construction Risk Conference Attracts 1,000 in Orlando, FL

Release Date: Nov 14, 2010

Release Date: November 15, 2010
Contact: Contact Us

ORLANDO—About 1,000 risk managers, agents, brokers, attorneys, and underwriters who specialize in managing or insuring the risks associated with construction projects convened here November 14–18 for the 30th 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 more than 60 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 the temptation to reduce or eliminate risk management programs to cut costs,” said IRMI president and Conference cochairman 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 IRMI 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 31st IRMI Construction Risk Conference will be held November 13–17, 2011, in San Diego, CA. 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.

 

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