Insights

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 […]

Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic developments such as inflation, financial market volatility and a looming recession, as well as the impact of the energy crisis, are the […]

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 […]

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: […]

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 […]

(Reuters) — Global insurers face a testing 2023 as reinsurers hike rates on key business lines by as much as 200% from Jan. 1 and pull back from underwriting risk in Russia, Ukraine and Belarus, reinsurance brokers’ reports showed Tuesday. Reinsurers insure insurers, and Jan. 1 is the most important date for reinsurers to renew and adjust pricing […]

Here are two articles on the economy and real estate that we think may be interesting to the AE&E business we serve.  First an excellent and detailed report on trends in the USA and Canada and second an update on backlog from AIA. 2023 is just on the other side of the river and in […]

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 […]

Timothy J. Corbett, BSRM, MSM, CERG, LEED GAFounder & President626-665-8150tcorbett@smartrisk.biz 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 […]

Designing and constructing a project is much like sailing a boat. You have to go with the ebb and flow of the water and the weather that’s around you. When a storm pops up, the captain and crew have to zig and zag in order to navigate through troubles to get their boat safely to it’s destination.