An appellate court in New Jersey, affirming a trial court's decision, has ruled that the waiver-of-subrogation provisions of a widely used form construction contract — the American Institute of Architects (AIA) form A201 — 2007 General Conditions of the Contract for Construction (A201) — were intended to transfer the risk of construction-related losses to insurers and to preclude insurers' subrogation actions against contracting parties.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.