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Condosthe hottest housing segment of the recent
construction boomcan be lucrative and rewarding projects. In
recent years they have also become the riskiest. So risky that most
insurers refuse to cover firms that specialize in condo design for
more than 20 to 25 percent of their business. The increase in
construction-defect litigation has reached crisis proportions,
according to lawyers, architects, insurers, and builders at the
recent AIA Symposium on Multifamily Liability. Whether the lawsuits
are instigated by law firms that make a fortune from targeting
condo projects or whether they are generated by authentic design or
construction problems, many architects are not doing all they can
do to protect themselves and their firms. The symposium presented
strategies that any firm can adopt to manage and reduce the risks
inherent in multifamily residential design. Hear two of the opening
session speakers, Bill Quatman, Esq., FAIA and Frank Musica Esq.
Assoc. AIA discuss these topics.
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