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Week of July 19, 2004

Front Page

* In U.S. Census, Active Seniors Prefer the Suburbs of Metro Areas
* 2005 IBS Exhibit Space Already Tops Las Vegas
* Liability Insurance Initiative Reaches a Critical Phase
* Housing Snapshot

President's Message

* Please Take the Time to Help Us Solve the GLI Crisis

Housing Politics

* White House Plan Could Increase Logging in National Forests
* Bill Would Help Small Businesses Recover Court Costs in Federal Agency Disputes
* NAHB Enters Election Season With 10-Point Housing Platform
* NAHB Inviting Convention Delegates to Special Events

Housing and Economics

* Housing Market Index Finds Builders Remain Upbeat in July

Housing Finance

* Builders Advocate Stronger Housing Goals for Fannie and Freddie

Small Builders and Remodelers

* Remodelers and Custom Builders Ought to Get Together

Seniors Housing

* Universal Design: A Winner-Takes-All 'Experience'
* Pitfalls to Avoid When Planning an Active Adult Community
* 20 Club Forming for Seniors Housing

Design

* Vanilla Not a Favorite Flavor of Generation X Home Buyers
* Best in American Living Award Deadline Extended

Environment

* NAHB Members Urged to Act Now to Preserve Habitat Conservation Program
* Waiting for Decision on Beach Mouse Plan a Hardship for Small Alabama Builder
* Eco-Terrorists Intensifying No-Growth Battles in California

Green Building

* Solar Photovoltaic System Built on Rooftop of Brooklyn Rectory

State and Local

* Mississippi Circuit Court Knocks Down Local Impact Fee Ordinance

Building Systems

* New York Agrees to Test Third-Party Modular Approvals

Sales and Marketing

* What’s in a Name? Plenty — If It's Followed by ‘MIRM’

Building Products

* Bendable Vinyl Coil Has Come of Age

Builder's Engineer

* The Boss With the Swiss Cheese Desk

Building News Coast To Coast

Association News & Events

* Official Web Site Optimizes Benefits of NAHB Membership
* Member Advantage: Save 15% With Paychex® Payroll Processing
* Awards Programs Deadlines
* Calendar of Events

NBN Back Issues

 

Liability Insurance Initiative Reaches a Critical Phase

NAHB’s effort to improve the price, coverage and availability of general liability insurance (GLI) has reached a critical phase, and the federation is encouraging builders to provide insurance information that is a crucial part of developing new GLI products.

As the price of GLI has risen and the scope of coverage diminished, builder members have made it clear that they want NAHB to help solve the growing GLI crisis. In response, NAHB has partnered with Marsh, the insurance and consulting firm, to research the risk management needs of the residential construction industry and to develop new, cost-effective GLI products for home builders.

As part of that effort, NAHB and Marsh have sent a mail piece to 55,000 builders, remodelers and trade contractors asking them to complete an insurance survey and to send a consent letter to their insurance carrier giving the carrier permission to share loss information with Marsh.

“It’s time for our builder members to take action,” said NAHB President Bobby Rayburn. “If you’re seeing your GLI costs rise by thousands of dollars, or you know that it’s getting harder to find effective GLI coverage in your state, then it’s in your interest to take half an hour to fill out the survey and send in the consent letter.”


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Builders can turn to their insurance agents for assistance in completing the surveys and gathering their GLI policy information, Rayburn said.

Builder, remodeler and trade contractor members who did not receive the mailing can find the survey, model consent letter and other GLI-related materials at www.nahb.org/gli. “I strongly encourage all builders, remodelers and trade contractors to participate in this initiative, regardless of whether they received the mailing,” Rayburn said.

NAHB’s partnership with Marsh is intended to accomplish three goals:

  • Provide an accurate national picture of the loss experiences of the residential construction industry through comprehensive data collection
  • Utilize actual loss experience and exposure data to develop new GLI products for NAHB members
  • Structure any new GLI products so that they can be purchased from state-licensed local insurance agents with whom NAHB’s members already do business

“The information gathered from members will be held in strict confidence and will not be seen by NAHB members or staff,” Rayburn said.

To obtain a copy of the GLI survey and consent letter, click here; or e-mail Blake Smith or call him at 800-368-5242 x8583. If you have specific questions about the data collection initiative, contact Clayton Traylor at x8490 or Brett Diggs at x8453.

If you would like to speak with someone from Marsh, contact Cheryl Meyer at 716-843-4517. All completed surveys, consent letters and related materials should be sent to Marsh, Builder Solutions, c/o Jessica Hatch, 1166 Avenue of the Americas, New York, NY 10036.
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