RIA’s Advocacy and Government Affairs (AGA) Committee is the restoration industry’s first unified advocacy team. It seeks to unite the restoration industry and advocate for the best interests of restoration contractors nationwide, and develop and implement strategies to help create and maintain equity between restorers and insurers and their partners.
What is the extent of the reach of the Consumer Protection Act (CPA) and the liability exposure of individual professionals? Historically there has been a separation between agents of an organization and the company which holds the contractual relationship with its customer.
The Australasian Council of RIA was established to provide the Australia/New Zealand restoration industry with a vehicle by which issues facing its membership could be brought to the attention of RIA and Industry leaders. The Australasian Council serves to support RIA’s membership and promote RIA’s interests in Australia/New Zealand.
I was recently chatting with a restorer and trying to explain why his insurance needed to be customized to cover the risks he faced in doing work assigned under master services agreements.
The Florida Senate approved an overhaul of the insurance practice known as assignment of benefits, or AOB, and Gov. Ron DeSantis issued a statement saying he will sign it. AOB has been a highly controversial issue in recent years, with insurers arguing that litigation and fraud involving the practice are driving up property insurance premiums.
GC3’s penchant for expertise and innovation expanded in 2019 with the hiring of Dave Bell and Daniel Lewis. Their hires signal a dynamic approach to company growth and enhanced industry expertise.
J.S. Held, a global consulting firm, announced today that it has acquired Veritox, Inc. and GT Engineering, a division of Veritox. Veritox (VTOX), a toxicology and industrial hygiene consulting firm with offices in Washington, Texas, South Carolina, and Florida, provides services in exposure assessment, industrial hygiene, human and environmental toxicology, forensic toxicology, and risk assessment.
Managing the risks associated with master services agreements with insurance companies for remediation services requires attention to detail when reviewing the contract. If a restorer misses a detail in the contract, the indemnity agreement in these contracts can leave the restorer in the position of being the insurance company of a big insurance company.
The 2017 Atlantic hurricane season was remarkably destructive, with Hurricanes Harvey, Irma and Maria significantly impacting parts of Texas, Florida and the Caribbean.
