CONSTRUCTION RISK: Unfinished business

CONSTRUCTION RISK: Unfinished business

The challenges faced by insurance companies associated with assessing the risks of covering half-built construction projects are discussed. The remediation phase of brownfield redevelopment project 655 Princess Street in Kingston, Ontario which was devastated by a fire in December 2019 is cited. Sev...

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Bibliographische Detailangaben
Veröffentlicht in:Canadian Underwriter 2020-01, Vol.87 (1), p.36
1. Verfasser: Shipley, Kevin
Format: Artikel
Sprache:eng
Schlagworte:
Brownfields
Construction industry
Insurance companies
Insurance policies
Underwriting
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Beschreibung
Zusammenfassung:The challenges faced by insurance companies associated with assessing the risks of covering half-built construction projects are discussed. The remediation phase of brownfield redevelopment project 655 Princess Street in Kingston, Ontario which was devastated by a fire in December 2019 is cited. Several critical factors that insurance companies should consider when underwriting construction risks and the valuable learning opportunities that fire presents during the process are also explored.
ISSN:0008-5251
1923-3426