Name
Case study presentation: Builder's risk at a crossroads – landmark judgments and the new LEG clauses
Description

Recent court decisions and forthcoming revisions to the London Engineering Group (LEG) clauses are reshaping the landscape for Construction All Risks (CAR) insurance, with significant implications for project owners, contractors, insurers and brokers. This session will examine the landmark South Capitol Bridgebuilders v. Lexington Insurance Company judgment and its impact on the interpretation of LEG3 defective workmanship cover, alongside the Court of Appeal's decision in Sky UK Ltd v Riverstone Managing Agency Ltd, exploring what these rulings mean for policy wordings, claims outcomes and risk allocation on major construction projects. The presentation will also provide an early assessment of the updated LEG clauses, due for release in late summer, highlighting the key changes under consideration and what construction risk professionals should expect as the market adapts to a new generation of defect exclusions and coverage provisions. Delegates will gain practical guidance on how these legal and market developments are likely to influence underwriting, policy negotiations and claims management across the construction sector.

Time
12:30 PM - 1:00 PM