Forever chemicals, or PFAS, are big news today. According to a Bloomberg Law analysis, more than 6,400 PFAS related lawsuits were filed in federal courts between July 2005 and March 2022.
Home prices surged nearly 20% in 2021 — the highest calendar-year increase on record — putting a hold on house buying aspirations for many Americans. A new study from Nationwide found homeowners are making investments to be comfortable in their current homes instead of selling and buying new.
Customers expect manufacturers, suppliers and other parties in the retail chain to deliver safe and reliable products. However, at any point in the production and distribution process, exposures related to design flaws, manufacturing defects, inadequate warnings and unclear instructions can all create product liability.
Artisan contractors, such as electricians and carpenters, are essential to a variety of residential and commercial construction projects. Between increased project demand, employee and material shortages and new advancements in technology, there are a range of trends currently impacting artisan contractors.
Contractors rely on the help of subcontractors and other third parties to complete construction projects, both large and small. Balancing these relationships is critical, especially when you consider that business arrangements with subcontractors and other third parties can introduce risk.
Whether businesses manufacture, distribute or sell CBD or other hemp products, it's important for them to understand their unique risks and take steps to protect against those exposures by securing sufficient insurance coverage.
Construction is defying the odds. Despite supply chain issues and labor shortages, this industry has continued its growth streak, and there's no sign of it slowing down anytime soon. Savvy insurers are making plans to capitalize on the opportunities that abound.
General contractors don't fall neatly into one type of construction. This is because the definition of a general contractor is relatively broad, covering a wide variety of entities and individuals who focus on projects both large and small.
In recent years, product manufacturers have encountered a wide range of industry developments. Between labor shortages, supply chain challenges, costly lawsuits, inflation issues and technological advancements, there are several trends currently affecting the product manufacturing sector.