Meeting Information



Fundamentals of Controlled Insurance Programs (OCIPs and CCIPs)
 
Date: Friday, January 10, 2014 12:00 PM to 1:30 PM
Venue: Minnesota State Bar Association  Minneapolis, MN United States   Get Directions
$30.00

 

Chris Lorsung of Willis of Minnesota, Inc. and Krista Twesme of MA Mortenson Company will discuss the fundamentals of owner-controlled and contractor-controlled insurance programs (collectively, “CIPs”).  As a potential cost-savings alternative to the traditional project insurance program, CIPs (also known in the industry as “wrap ups”) are becoming an increasingly attractive option for construction projects of all sizes, whether it be a site-specific CIP established for an individual project or a rolling CIP that will cover multiple projects over an extended period of time.  To evaluate the advantages and disadvantages of these alternative insurance programs, both owners and contractors alike will benefit from a deeper understanding of the types of projects that may benefit from a CIP, how CIPs are implemented and administered, what types of coverage may be included in a CIP, which contractors and scopes of work may be covered by a CIP, how project claims are administered and the potential for conflicts among the insured parties, and how CIPs are funded through insurance credits and collateral requirements.  Drawing on their practical experience with these issues, Chris Lorsung will discuss the process Willis employs to broker and administer CIPs for the benefit of its clients, and Krista Twesme will present the contractor perspective on working under both the owner-controlled and contractor-controlled insurance program models.  Discussion, questions and input from the audience are welcome and encouraged.


Presenters:
Chris Lorsung, Senior Vice President, Willis of Minnesota, Inc.
Krista Twesme, Vice President, MA Mortenson Company

CLE Credits:
1.0 Standard CLE credits approved | Event Code: 186930

Details:
Date: Friday, January 10, 2014
Time: 12:00 - 1:30 p.m.
Location: MSBA
600 Nicollet Mall, Suite 380
Minneapolis, MN  55402

Cost:
Construction Law Section Members:   $20.00
MSBA Members but not Section Members:  $25.00
Non-MSBA Members:  $30.00
Law Students:  Free

Remote Participation:
Webcasting and teleconferencing are available. Please indicate this option when registering. Instructions will be sent via e-mail on Thursday, January 9.


Deadline to Register:  January 8, 2013
You can register by clicking the "Register" button at the top of this page.


To register by mail with a check, please use the registration form located
here.

Want more information about the MSBA Construction Law Section ?  Visit our website for news on upcoming CLEs, events and activities! 

Need to cancel?  Please see our cancellation policy .

Questions? Contact:
Jennifer Carter  | 612-278-6309 | jcarter@mnbar.org

 
No sessions have been associated with this event.
 
 
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