28A — December 24 - January 14, 2016 — Green Buildings — M id A tlantic

Real Estate Journal


G reen B uildings

At the 35th IRMI Construction Risk Conference Slivka of New Day Underwriting Managers explores Enviro. &Pollution Professional Liability


are now posing a new array of exposure and liability prob- lems for contractors, project owners and related business partners.” “In addition, this chang- ing landscape has constantly deviated from the traditional design-build model forcing contractors to regularly as- sume responsibilities that exceed their core expertise. As a result, the need to stay competitive has coupled with updated legislation to produce unchartered waters filled with devastating financial conse- quences. This presentation

was specifically designed to help professionals and own- ers better understand project pitfalls, risk management methods and the evolution of new policy forms.” Slivka’s “Market Update” reviewed the recent trends and developments surround- ing newly identified exposures and the latest forms, ad- vancements and supplemen- tal coverages surrounding the Contractors Pollution Li- ability (CPL), Pollution Legal Liability (PLL), Contractors Professional Liability (CPrL) and Owners Protective Pro-

fessional (OPP) marketplace. Among these were the: • Cleanup and defense costs arising from the trans- port, disposal and emergency response problems arising from pollution conditions • Damages resulting from professional performance acts, errors and omissions • Difference between recti- fication coverages, which offer design error restitution, and mitigation coverages, which pay for the prevention of fur- ther damages The 35th Annual IRMI Construction Risk Confer- ence hosted more than 1,500 professionals attending 45 presentations offered by 60 nationally recognized in- surance, risk management, safety, and surety experts. As a regular presenter at IRMI, Construction Finan- cial Management Associa- tion (CFMA) and Associated General Contractors events, Slivka has dedicated his ca- reer to helping construction insurance industry leaders better understand and man- age environmental and/or professional liability risks. n Aquicore announc- es appointment of advisors WASHINGTON, DC — Aquicore announced the ad- dition of three new members to its advisory board: Efficient Capacity managing partner Mark Goldstein ; GreenBiz Group Inc. chairman Joel Makower ; and Regus Group managing director Rick Ber- tasi . These additions come after Aquicore raised a $3.1 million seed round led by global startup incubator 1776 in August. “Decades of experience in business and real estate from these three leaders brings invaluable resources to Aqui- core,” said Aquicore CEO and founder Logan Soya . “Each brings a distinct insight and experience to support our long-term business and finan- cial goals. We look forward to their contribution to guide us toward successful expansion in new markets.” Aquicore offers energy ana- lytics and automation solu- tions for commercial real es- tate. Its full-service solution provides hardware and soft- ware that compiles data from utility meters and submeters in real-time. n

challenges with more than 500 insurance agents, bro- kers, attorneys, underwriters and executives responsible for managing and insuring construction project risks. “The construction market- place and the associated risks have evolved rapidly leading not only to an increase in professional liability claims, but also ongoing confusion re- garding the solutions available for managing problems,” says Slivka. “Disease outbreaks caused by bacterial infections and green building errors are just a few of the areas that

AMILTON, NJ — Jeff Slivka , presi- dent at New Day

Underwrit- i ng Man - agers LLC recently ex- pl ored the latest con- tractors pro- fessional and pollution li- ability insur-

Jeff Slivka

ance trends at the 35th IRMI Construction Risk Confer- ence. This included outlining today’s coverage, claims and first-party liability issues and

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