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ACEC Chapter Summary: "Roles, Risks and Insurance Requirements in Public Private Partnership Projects"

American Council of Engineering Companies (ACEC) has published the Third Edition of its prolific book, Public – Private Partnerships:  Opportunities and Risks for Consulting Engineers.  The 2020 edition expands on prior versions, offering proposed guidelines for best practices and other initiatives to improve the performance of the respective project roles and alleviate the risk concerns of consulting engineers in Public Private Partnership (P3) and Design-Build (DB) projects.



Coronavirus Poses Management Liability Market Challenges

2020 has been an unprecedented, challenging year for the professional lines market. Hardening market conditions escalate, management under scrutiny for proper adherence to public health guidelines, mega bankruptcies shake up struggling industry sectors and employee layoffs and furloughs trigger pandemic-induced litigation – all occurring amidst a backdrop of economic volatility. The global coronavirus pandemic has thrown fuel on the fire placing the management liability market under stress, demanding disciplined, cautious underwriting.



Medical Stop Loss Insurance: Helping Health Insurance Corporate Buyers Keep Pace with Medical Inflation

Over the past ten years, healthcare costs have risen steadily each year as treatment and care options have become more sophisticated and advanced. As a result, corporate health insurance buyers are looking for more effective solutions to manage their healthcare spend, which is their biggest cost behind payroll. For employers who chose to self-fund their health insurance programs, employer stop loss insurance protects those groups against large or catastrophic claims, as an alternative to traditional group health insurance and benefits plans. The medical stop loss insurance sector has experienced dramatic growth in recent years as more employers migrate to self-funded health insurance programs, which offer customizable coverage for employees with disciplined cost containment oversight.



The new normal in life sciences

Prior to 1985, patients relied heavily on their physicians for drug information — especially for data on sourcing and side effects. Direct-to-consumer advertising existed on a limited basis, leaving physicians as the primary recipients of Life Sciences marketing. Physicians had to trust the research, development, and trial testing of the Life Sciences companies. While the Life Sciences industry has always been heavily regulated, most drug testing

at the time occurred in-house as part of the manufacturer’s quality control. If a problem was identified, it was handled by the company, with little public awareness. Moreover, information was not easily accessible, which limited the average consumer’s knowledge of drug sourcing, development, and safety.



Progressive Design Build Delivery - A Collaborative Approach

Progressive Design Build (PDB) delivery model is taking center stage for large construction projects by encouraging collaboration and transparency between the parties at the outset.  The approach brings together the owner, contractor and design firm at the earliest stages of project development facilitating open communication amongst all professionals through to completion.  The goals are to secure fair market pricing, keep the project on budget and complete construction as specified on schedule.



The New Normal in Healthcare Delivery and What it Means for Customers and Insurers | Volume 1.2:Value-Based Contracting

The healthcare industry is marching toward a new era in which precision medicine and value-based care walk hand in hand with consumer empowerment.