The ALS Group Risk Management Articles

Having reviewed various contracts for the NYACP Promotion Fund, we wanted to highlight a contracting practice that has become somewhat commonplace. Prime Contractors (GC/CM) are using language in their subcontracts that “incorporate by reference” the terms they have agreed to with the Owner in their contract (the “Prime” contract). The problem is that, in most cases, these Prime contracts are not available for review and the subcontractor overlooks implications that may arise from this reference and just blindly signs off on the contract. The following is language from a specific clause that we reviewed and commented on:

Lawyers for President Obama went to court in Virginia on Tuesday May 10, 2011 to defend a key piece of healthcare reform legislation. The individual mandate requiring Americans to purchase health insurance starting in 2014 is being challenged and deemed unconstitutional. To illustrate how volatile healthcare reform has become one can look at the ongoing court case citing the cornerstone of reform as unconstitutional, efforts by republicans to repeal the entire Affordable Care Act, and the continuous changes to already existing legislation. Consequently, it is critical to stay informed and understand where health reform is headed. To learn more about the latest changes to healthcare reform legislation, the financial implications

Al Sica is speaking at Jersey Affordable Housing Management Association (JAHMA) on May 5th about “How to use claims management and legal strategies to reduce insurance claims cost.”JAHMA is committed to fair housing and believes in producing technical and professional education for agents, owners, staff and residents.The ALS Group is a member of JAHMA and advises on different topics affecting owners of affordable housing apartments insurance, claims and risk management.

Postponing Tuesday night’s Knicks game not only prevented fans from watching their team but kept fans away from Madison Square Garden. The N.Y. Knicks game was postponed due to suspicion that asbestos related material was falling from the rafters at Madison Square Garden.

Over the last 10 years the advent of an Owner Controlled Insurance Program (OCIP) has gained popularity for many reasons. Theoretically, buying one Program for the benefit of all parties to the Project provides cost efficiency and ease of claims administration. There is reduced “finger pointing” among [contractor] insurers and “control” of the site generally improves.