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Efforts to Solve Liability Insurance Problem Continue

In partnership with Marsh, the global risk management firm, NAHB attempted to gather insurance data from builders in order to provide a more accurate picture of the residential construction industry’s loss experience.

Five months into that project, however, NAHB and Marsh had collected only 10% of the 4,000 survey responses from builder members that were needed.

Despite the low survey response rate, NAHB is continuing its efforts to solve the GLI problem, according to Kent Conine, the association’s immediate past president and chair of the GLI Task Force.

“In late August we met with Marsh and told them we need to find an alternative way of bringing new products to market,” Conine told the NAHB Executive Board during the recent fall board of directors meeting in Columbus, OH. “And that’s where we are now. Marsh is looking at this, and we are waiting for them to get back to us with an alternative that does not require collecting all this data from our members.”

“We’re doing all we can to make this work,” Conine said. “And we’re doing it because our members have made it clear they want us to address this problem. We hope to have a response from Marsh some time this fall. We’ll continue to work with Marsh to develop new GLI products for our industry.”

For more information, e-mail Blake Smith at NAHB, or call him at 800-368-5242 x8583.

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