AGC will hold its annual Surety Bonding and Construction Risk Management Conference in-person at the Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida. The conference will run from Wednesday, June 2, at 4:30 PM EDT until Friday, June 4, ending at Noon EDT. In addition to all the business sessions, this conference will offer you the same full line-up of social and networking opportunities you have come to love and expect.
The Changing Landscape of SDI Claims and Coverage
Presenters: Jeffrey J. Vita, Partner, Saxe Doernberger & Vita, P.C., Gregory Chertoff, Partner, Peckar & Abramson, P.C., and John Marsicano – CCA, CCP, CRIS, Director of SDI Claims and Financial Advisory Services Construction N.A, Willis Towers Watson
June 3, 2021 2:45pm - 3:45pm EST & June 3, 2021 4:05pm - 5:05pm
The program will address emerging issues with SDI claims/coverage and identify specific lessons learned from defaulting subcontractors during a pandemic. As the SDI market expands to different providers, the panel will encourage a dialogue with the audience focused on the SDI claims process and handling, including calculation of direct and indirect costs and events constituting defaults of performance. The panel will address contractual and strategic issues associated with defaulting subcontractors and any related case law developments. Subrogation rights will be explored as well as the parties’ respective rights to any such recovery. Finally, the panel will analyze relevant restrictions or limitations on SDI claims/coverage to help inform these strategic decisions, including dispute resolution procedures.
- Be aware of the rapidly changing SDI marketplace
- Know how the carriers are changing how they evaluate and pay Direct Cost v. Indirect Cost claims and how to navigate this new coverage landscape
- Review the importance of going back-to-basics with respect to claims handling, documentation, and proofs (compliance with policy notice provisions, effective default strategies, and how subcontract language influences the scope of potential coverage)
- Discuss how and the degree to which COVID-19 has affected subcontractor defaults and claims
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