When discussing current trends in the construction-insurance marketplace, experts agree on one thing: The greatest concern is a shortage in skilled labor to meet the growing demand in projects.
"This is probably the single largest issue in the construction industry—the lack of qualified and experienced talent, at all levels: not just field labor, but project engineering, project management, leadership, etc." says Brian Cooper, managing director of Arthur J. Gallagher's National Construction Practice. "There's just a dearth of experienced and talented people."
"That's probably the thing I worry about the most," adds Gary Kaplan, president, North America Construction at XL Catlin. "I've been asking this for the last six months to anyone who will meet with me, and I ask my team all the time: 'What are we doing around that?'"
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