All Posts Tagged With: "green risk management"
Marsh Report: At Least One Professional Liability Insurer is Considering a LEED Project Coverage Endorsement
A green building project without sufficient insurance coverage will never get out of the ground, which is why the recent efforts of Marsh to review current trends in the marketplace with respect to green building insurance issues have been particularly insightful. While I’ve talked extensively here at gbNYC about the potential for green design services rendered by architects and engineers to trigger exclusions in professional liability policies (in relation to the signing of credit submittal templates in connection with LEED projects) the Marsh report did not explicitly discuss this specific risk. However, the report did note the potential liability for design professionals who guarantee or warrant “an outcome without having complete control over things such as construction means and methods, and operation and maintenance.”
11Sep2008 | Stephen Del Percio | 0 comments | Continued
Green Building Statistics: Demand is High, Design Experience is Low
We’ll be signing off today for the holiday weekend, but before we do that, I want to point out a couple of interesting green building statistics: one group collected by NAHB and the other which was mentioned during yesterday’s Green Building Initiative webinar discussing insurance and surety issues for green construction projects. During the webinar, one of the panelists noted that only 20 percent of his company’s (XL Specialty Insurance) insured design professionals consider themselves “very experienced” in green design- obviously a percentage to which XL is paying close attention in the context of green risk management. On a different track, the National Association of Home Builders recently released figures from a survey of multi-family builders and developers. While 74 percent of respondents said that their buyers and renters are willing to pay more for green amenities, the median additional amount that they’re willing to pay is just 2 percent.
28Aug2008 | Stephen Del Percio | 1 comment | Continued
Shaw Development v. Southern Builders: The Anatomy of America’s First Green Building Litigation
We’ve written extensively here at gbNYC about the potential for litigation arising out of green construction projects. To date the issue has been on the radar screens of numerous industry authors, but real-life application of green legal theory has been relatively difficult to come by outside of a handful of green-related claims reported by insurance carriers. However, a (relatively) recent lawsuit that was filed on the eastern shore of Maryland demonstrates that green building risk is real- particularly in light of rapidly increasing regulatory activity at the state and local levels. The suit suggests the critical importance of clear contract language for each stakeholder on a green construction project and posits that the alternative could be massive exposure to unanticipated liability for every project participant.
20Aug2008 | Stephen Del Percio | 13 comments | Continued
The Liability of Building Green: GBI & ED+C to Sponsor Summer-Long Webinar Series
On Tuesday, June 24, the Green Building Initiative and ED+C magazine are sponsoring the first in a series of three webinars examining the various liability issues that construction industry stakeholders may confront in connection with green projects. I will be presenting on next Tuesday’s panel- titled “Risk and Liability in the Construction Industry”- and providing an overview of potential causes of action that could be asserted against (or brought by) green project participants.
19Jun2008 | Stephen Del Percio | 0 comments | Continued-
Sponsors
-
Green Building Photo Pool
www.flickr.com 
More pics or contribute -
NYC Blogs
