This session will cover emerging issues in constructions losses with an emphasis on coverage provided under Builder’s Risk and Course of Construction policies of insurance. As construction projects become larger in scale and cost, the stakes at issue in construction losses have become greater. This session will review recent trends involved in large scale construction losses insured under Builder’s Risk/Course of Construction policies and will include a discussion of attempts by insureds to broaden the scope of coverage to encompass consequential losses, to narrow the exclusions to coverage under the policies and a review as to how the Courts have recently dealt with these issues.
Roy Heenan, described by Bacal as a “visionary with little management skill,” was allowed to stay on as chairman long after it became clear that the firm needed him to make way for a younger successor. (He was seventy-eight at the time the firm fell apart.) No replacement was ever named after Heenan stepped down five years ago; according to Bacal, many partners didn’t feel it necessary to appoint one. As late as 2012, Bacal reports, the firm was still led by “dreamers.” In what other area of modern professional life—except, perhaps, academia—are important personnel decisions still executed in this genteel manner?