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D&O challenges significant for private companies, experts say

The economy is continuing to present some significant, still unresolved, challenges for private company directors and officers, including the ongoing threat of bankruptcy, experts say. At one time or another, private companies have had to cope with issues including inflation, labor shortages, higher interest rates and the supply chain, said Sandra Lagana, Hartford-based private D&O […]

Construction spending expected to significantly slow down in 2024: AIA Report

While spending on nonresidential construction picked up momentum toward the end of 2022, construction spending will moderate in 2023 and significantly slow down in 2024, according to a new report from the American Institute of Architects (AIA). Despite macroeconomic headwinds such as inflation, rising interest rates, and weak consumer sentiment scores, the AIA’s Consensus Construction […]

Standards and Practices for All Appropriate Inquiries

EPA is taking final action to amend the Standards and Practices for All Appropriate Inquiries to reference a standard practice recently made available by ASTM International, a widely recognized standards developing organization. Specifically, this final rule amends the All Appropriate Inquiries Rule (AAI rule) to reference ASTM International’s E1527-21 “Standard Practice for Environmental Site Assessments: […]

The impact of social inflation on the liability insurance industry

November 28, 2022 – In recent months, economic inflation has dominated headlines as the global market grapples with supply-chain issues, Russia’s invasion of Ukraine and the rising costs of goods and services. The insurance industry, however, has had its eye on a different type of inflation: social inflation. According to the Insurance Information Institute, social […]

Legal System | Abuse is Rampant

Current economic times have caused a rise in inflation. Each year the United States records a record number of law suites totaling around 40 Million, making the U.S. the most litigious country in the world. Right now there is a push to secure higher verdicts for claims, therefore driving up the cost of the claim […]

Top 10 Reasons Why Projects Fail

Timothy J. Corbett, BSRM, MSM, CERG, LEED GAFounder & Top 10 Reasons Why Projects Fail NOTICE: The information in this article should not be construed as legal advice, nor intended to replace legal advice specific for your firm or circumstances. Comments, advice and suggestions are for informational purposes only. SmartRiskRisk Performance StrategiesSmartRisk is a […]