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Sponsored by Countrywide Home Loans National Builder Division

www.NAHB.org
Week of June 7, 2004

Front Page

n Builders Mark National Homeownership Month With Efforts to Meet Workforce Housing Needs
n Sign Up for 2005 Committees and Councils by July 9
n Builder Ralph Manley, 80, Re-enacts D-Day Jump Over Normandy
n Online Registration for 2005 Builders’ Show Now Open
n Calendar of Events
* New Web-Based Resource Documents Important Role of Builders in Species Conservation Efforts
* Test Third Headline
* NAHB Members Urged to Watch the Mail for Liability Insurance Survey
* Housing Snapshot

President's Message

* You Can Help Solve the General Liability Insurance Problem

Housing Politics

* Find Out How Your Members of Congress Voted on Key Housing Issues
* Homeownership Alliance Presents 'Homeownership Hero' Awards

Housing and Economics

* Commerce Proposes to Cut Canadian Lumber Duties in Half, But Builders Want Them Eliminated
* Homeownership Declining Among Families With Children, Study Finds
* No Unsustainable Speculative Bubble in U.S. Housing Market, According to UCLA Physicists
* Eye on the Economy

Construction Safety

* Home Builders Responsible for the Safety of Subcontractors
* Free Construction Safety Seminar at Various Locations This Summer

Environment

* Report Finds Insufficient Link Between Mold and Serious Illnesses

Building Quality

* Competition Opens for EnergyValue Housing Awards

Business Management

* Do Your Financial Statements Add Up? If Not, Be Alert to Fraud

Small Builders and Remodelers

* There’s Nothing Sub About Your Subs

Design

* Best in American Living Awards Entry Deadlines Near

Seniors Housing

* Rentals for Active Adults: An ACE Opportunity for Builders

Multifamily

* Luxury Apartments Rekindle Hollywood’s Golden Era
* NAHB Multifamily Is Looking for Speakers for Pillars Conference

Military Housing

* Air Force and Navy Housing Opportunities Announced

Labor

* New Training Program Enables Association Members to Improve Skills of Their Superintendents

Building Products

* HVAC Contractors Using Fiber Glass Duct Board After Rise in Price of Scrap Metal

Building News Coast To Coast

Association News & Events

* Builders Mark National Homeownership Month With Efforts to Meet Workforce Housing Needs
* Sign Up for 2005 Committees and Councils by July 9
* Builder Ralph Manley, 80, Re-enacts D-Day Jump Over Normandy
* Online Registration for 2005 Builders’ Show Now Open
* Calendar of Events

NBN Back Issues

 

You Can Help Solve the General Liability Insurance Problem

Costs for insurance are skyrocketing, and in some markets, builders can’t get coverage at any cost.

This is one of the biggest challenges facing home builders and contractors today, and it is a top issue for our federation.

In response, NAHB has formed a partnership with Marsh, the global risk management consulting firm. In a plan endorsed by the NAHB Board of Directors, our association and Marsh are gathering data from builder, remodeler and trade contractor members to create a comprehensive profile of the home building industry’s risk management needs. Marsh will then use that profile to develop effective new general liability insurance (GLI) products for NAHB members.

The first and most important step is to understand the actual loss experiences of the residential construction industry. Marsh is surveying thousands of NAHB members to learn more about their businesses and their insurance needs. Members will also need to provide Marsh with a letter addressed to their insurance carrier giving the carrier consent to share loss information with Marsh.

Over the next 60 days, NAHB and Marsh will be contacting builder, remodeler and trade contractor members and asking them to complete the survey, put the consent letter on their letterhead and send those materials to: Marsh, c/o Jessica Hatch, 1166 Avenue of the Americas, New York, NY 10036.


Sponsored by: Countrywide Home Loans

Find out how our forward commitments program can lock in rates for extended periods.
See how you can get a loan with as little as no down payment through Countrywide’s Zero Down Plus Program.

Marsh will use the information gathered from builders, remodelers and trade contractors to develop a sophisticated profile of the residential construction GLI market. This broad understanding of the market will enable Marsh to develop risk-management strategies that improve the coverage, cost and availability of GLI for the home building industry.

We need your help.

If you are a builder, remodeler or trade contractor, then we need you to fill out the survey, put the consent letter on your letterhead and send these materials to Marsh. If you are one of the 44,000 members who receives the GLI mailing, then please complete the survey and consent letter and send these materials to Marsh as soon as possible. If you do not receive these materials in the mail, then I strongly encourage you to go to www.nahb.org/gli. There you will find all the materials from the mail piece.

We need as many builders, remodelers and trade contractors as possible to participate in this effort. Please note that your insurance agent can be an important resource in finding this insurance information.

I want to stress two points: 1) All information in the database will be kept in strict confidence; and 2) Your current insurance agent will have the opportunity to sell new products developed through this initiative.

This is about your business profits. This is about the long-term health of our industry. Taking a few minutes to gather your insurance information and send it to Marsh could be the first step in solving one of our industry’s toughest challenges — and in saving you thousands of dollars in insurance premiums.

Please do your part.
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