Sacramento Business Journal: Construction Defect Litigation
This is an interesting article by Kelly Johnson from the Sacramento Business Journal that discusses the state of the construction defect litigation industry with regards to the key factors that are currently in play: the home buying slowdown, SB800, and the insurance industry.
California’s residential construction industry is approaching uncharted waters as a housing slump, tight liability insurance coverage and new laws for handling construction defect litigation all collide.
The collision makes an already challenging business environment fraught with even more danger. Some attorneys, especially those representing subcontractors, say they fear for their clients’ future.
“This is going to be a big problem,” said Blane Smith, an insurance-coverage attorney.
21 May 2008 | Construction, Construction Defect, Construction and Law, Consulting, Experts, Litigation | Comments
Leave a Reply