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In a recent Insurance Journal feature, CNA’s Song Kim, President of Global Commercial Industry Segments, examines how today’s construction environment is shaped by converging, interrelated risks.
Labor shortages, supply chain disruptions and rising costs are not occurring in isolation. Instead, they are combining to create compounding exposures that can significantly impact project outcomes and long term risk profiles.
According to Song Kim, understanding these “interconnected risks” is critical for underwriters and brokers as they help clients build resilient and forward-looking insurance programs.
As the construction industry navigates economic uncertainty, this article highlights the importance of deeper client engagement and tailored program design – ensuring coverage strategies evolve alongside the changing nature of risk.
Read the full article in Insurance Journal.