Related Links: Biography of Zachry's Susan Staff Website of insurance consultant Wrap Strategies Website of Aon, Chicago-based insurance broker Link to release last year about broker JLT Specialty Ltd. name change The number of new contractor-controlled wrap-up insurance programs has probably pulled even with the number of new owner-controlled programs, Richard Resnick, senior vice president of Aon Construction Services Group, told an audience at the International Risk Management Institute's construction conference in San Diego Nov. 14. Other speakers at other sessions joined in "debates" set up by IRMI over whether a contractor-controlled program (CCIP) was better than an owner-controlled one (OCIP). Susan
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.