The ALS Group Risk Management Articles

The IRMI Construction Risk Conference is in its 34th year, and this year promises to be bigger and better than ever, with more attendees registered than in recent years.  We are looking forward to being part of the action! There are some older and new trends in the industry that we want to hear more about – the country’s aging infrastructure, Alternative Project Delivery and what the insurance industry is now saying about New York Labor Law.

Risk, construction and compliance are three concepts that weigh heavily on the minds of owners and contractors globally. This was evident at the recent Risk & Compliance Summit held at Georgia Tech in Atlanta last week.

With the second anniversary of Superstorm Sandy just around the corner, I was thinking back to the whirlwind of media predictions that preceded landfall. Where would it strike? When would it hit? How bad would it be? Forecasters commented over and over that predicting the path of the storm and its ensuing destruction was particularly difficult because nothing like it had happened before. So I was surprised to learn of an even larger storm from 1821: the Norfolk and Long Island hurricane. If the Norfolk and Long Island hurricane were to hit today, its damage would exceed that of Sandy, Rita, Andrew and Katrina.