Tag: rising
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Architects, Engineers See Growth Amid Risks and Rising Costs
As the U.S. construction industry continues to benefit from steady economic growth, most insurers providing architects and engineers (A/E) professional liability insurance are concerned about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design disciplines, as well as new exposures from artificial intelligence (AI). To…
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With rising flood risks could this £2.65bn plan save your property?
A record £2.65 billion will be spent on strengthening the UK’s flood defences, aiming to protect over 66,000 homes and businesses from extreme weather events. With climate change increasing the frequency and severity of flooding, the Government has announced this two-year investment as part of its “Plan for Change” strategy. The funding will support the…
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Cutting Through ‘Paralysis by Analysis’: Strategies for Managing the Rising Tide of Construction Data
Construction firms juggle dozens or even hundreds of projects simultaneously. For c-suite decision-makers, that can translate into a near-permanent state of triage—scrambling to put out project-specific fires related to schedules, costs, quality and safety. It’s a dynamic that must end if contractors, especially self-performers, are to take full advantage of the tech and data revolutions…