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The construction industry is facing an unprecedented myriad of issues regarding inflation which has caused a log-jam between contractors and employers on costs for new and existing projects.
Today we announced the launch of our in-depth report, 'Rewriting the risk: Addressing the challenges of climate change', which finds that the underwriting practices of (re)insurers are a major catalyst for change among businesses in the ongoing climate crisis.
Our latest global report finds that the insurance industry has a central role in building wider understanding about climate-related risks and in mitigating against those risks.
Spotlight on LATAM: construction sector embraces opportunities for technology, innovation and surety post-pandemic
COVID-19 brought new opportunities for technology and innovation and a heightened awareness of ESG (environmental, social and governance) to the LATAM construction sector. We reflect on how this will impact the treatment of sureties in the region and the implications to insurers and construction professionals.
It has become common practice in the construction industry for the parties involved in a project to provide for specified loss or damage to be covered by insurance for their mutual benefit, whether caused by one party’s fault or not.
Insurance coverage attorneys often face challenges when seeking to enforce policy exclusions on their clients’ behalf. To that end, New York appellate courts have ruled on certain policy exclusions so often that their enforcement is akin to legal doctrine; yet, some exclusions remain virtually untouched by the higher courts, leaving the respective lawyers for policyholders and insurers alike to battle ardently over the meaning of what are otherwise clear, plain terms.
Kennedys receives top tier rankings in the latest guide to leading law firms and lawyers across the region.
In this report, Kennedys experts highlight some key legal and regulatory developments and provide an overview of the business critical topics that the construction sector and insurers should consider as they plan for operational resilience in 2022 and beyond.
This week (13-17 March 2022) has been designated in the Sultanate as ‘Oman Sustainability Week’. OSW is a national platform highlighting Oman’s commitment to sustainability leadership through innovative strategies aligned with the UN Sustainable Development Goals and to elevate Oman as a new model for sustainable development.
We are pleased to have announced an upgrade of our Madrid office with a move to new premises in the heart of the central business district.