Insurance Marketplace Adds to Uncertainty for Contractors

Placing You First Insurance Podcast by CRC Group

Amid the stubborn coronavirus pandemic, institutional capital and developer investment has paused, forcing contractors to take a wait-and-see approach for their direction in 2021 and beyond. While the industry cheered the economic comeback of the third quarter after a record second-quarter slowdown, developers and builders remain cautious, particularly in sectors deeply affected by the pandemic and the associated shutdowns – namely office buildings and hospitality. Well-capitalized projects, including those funded by municipal bonds, appear set to continue on plan while other more speculative investments have been sidelined indefinitely.
Featuring:

• Nathan Levine is a Senior Vice President in CRC’s Boca Raton, FL office and active member of the Casualty Practice Group
• Michael V. Yovino is an active member of the Casualty Practice Group and Senior Vice President in CRC’s Long Island, New York office.

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Chapter

1. Insurance Marketplace Adds to Uncertainty for Contractors (00:00:00)

2. What is the latest update on the construction industry? (00:01:41)

3. Are projects facing delays? (00:03:23)

4. What are the problematic segments? (00:05:17)

5. What effect will the Surfside condo collapse have in Florida? (00:06:48)

6. What's the latest with carriers? (00:08:01)

7. What about Florida? (00:10:01)

8. What do agents need to know now about Construction? (00:11:30)