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.