Search
 

BIA Turns to Lawmakers for Insurance Relief

OLYMPIA, WA-State condominium builders are complaining that construction defect lawsuits have sent their liability insurance rates sky-high. As a result, the Building Industry Association of Washington is seeking help from state legislators.

By Gina Binole | Updated on January 29, 2002

OLYMPIA, WA-Lobbyists for the Building Industry Association of Washington are pushing for passage of Senate Bill 6409, which would beef up the rules governing construction defect lawsuits and make insurance easier and cheaper to obtain.

The bill, which is being backed by Democrats and Republicans alike, received its first public hearing last week from the Senate Labor, Commerce and Financial Institutions Committee.

Current law now permits people six years to find a construction defect, and an additional six years to take legal action. Further, a plaintiff need not prove negligence on the part of the builder in order to be successful.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.