The Seal of the State of Alaska
  Help    

   
Alaska State Legislature
    Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  AchievementsAlaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

Advanced Search
· Senate Unanimously Approves Limitations on Construction Defect Claims  
· Damages in Construction Claims  
· Suggest A Link  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
· Contact Staff  
· Biography  
· Committee Memberships  
· Press Releases  
· Audio Clips  
· Opinion-Editorial  
· Past Press Releases  
· Personal Legislation  
· Co-Sponsored Legislation  
· Past Legislation  
· District Information  
· 24th Legislature  
· 23rd Legislature  
· 22nd Legislature  
Alaska State Legislature
Alaska State Legislature

Alaska State Legislature
Alaska State Legislature
23rd Alaska State Legislature
The 23rd Alaska State Legislature
Alaska State Representative Kevin Meyer Information

Click image for large 5'' x 7'' portrait
Session:
State Capitol, Room
Juneau, AK 99801-1182
Phone: (907)
Fax: (907) 465-3476
Toll Free: (866) 465-4945
Send Email
Send Public Opinion Message
Subscribe to Newsletter - Privacy Policy

Interim:
716 W. 4th Avenue
Anchorage, AK 99501
Phone: (907) 269-0199
Fax: (907) 269-0197

Damages in Construction Claims
Sponsor Statement for CS HB 340 (JUD)am
Alaska State Legislature
Alaska State Legislature
Attachments Attachments
 
Updated:
March 22, 2004
Suzanne Cunningham
465-6879 (Jan-May)
269-0199 (Jun-Dec)





"The passage of HB 340 will create an incentive for national carriers to return to Alaska and provide construction professionals with a break in the cost of mandated insurance."
- Rep. Meyer

 

"An Act relating to damages in an action for a defect in the design, construction, and remodeling of certain dwellings; and providing for an effective date."

CS HB 340(JUD)am Damages in Construction Claims places a limit on the damages that can be awarded in a construction defect lawsuit to the actual cost of fixing the defect and other closely related costs. This bill does not apply to, limit, or otherwise affect lawsuits alleging personal injury or wrongful death resulting from construction defects.

Beginning in 2001, a disturbing trend among insurance carriers developed that is impacting the housing industry nationwide, but particularly in Alaska. Construction professionals are paying significantly higher insurance premiums for statutorily required general liability insurance. Under AS 08.18, a contractor must file with the State of Alaska satisfactory evidence that the applicant has public liability and property damage insurance covering the applicant's contracting operations in this state.

Coupled with the rising costs in mandatory insurance, contractors and subcontractors are also facing a decline in policy availability and number of insurance carriers in the state of Alaska. If a construction professional is able to find affordable insurance, often the policy is limited in coverage, and generally excludes coverage for any claims arising out of a construction defect.

The cause of these difficulties is the increase in construction defect litigation. Insurance carriers are passing expenses incurred due to these lawsuits on to construction professionals in the form of increased premiums. Insurance carriers are pulling out of the Alaska residential construction market, thus making it difficult to obtain required liability insurance.

CS HB 340(JUD)am provides a working solution to the cost of general liability insurance and availability of quality insurance providers in Alaska. By establishing a limit on the amount of damages that may be recovered in a construction defect lawsuit, insurance carriers can see that Alaska is working towards establishing a less risky insurance environment. The passage of CS HB 340(JUD)am will create an incentive for national carriers to return to Alaska and provide construction professionals with a break in the cost of mandated insurance.

# # #

 
Attachments:
 
·
Print Text Version
· Acrobat PDF Version
Requires Adobe Acrobat PDF Reader = 1 page(s)
16 KB
 

Sign Up For E-News!

Unsubscribe  Privacy
Alaska State Legislature
· 25th Legislature Info
House Majority
House Minority
Senate Majority
Senate Minority
BASIS
 
· 24th Leg. Special Session Info  
· Oil & Gas Production Tax Information  
· Keyword Search  
· Legislator Districts  
· Photo Table  
· Passed Legislation  
· Past Legislatures  
· More Web Tools  
· Majority Press Staff  
· Information Offices  
Requires Real Audio Player = Adobe PDF Reader  
Requires Real Audio Player = Real Audio Player  
Requires Real Audio Player = MP3 Audio Player  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

1 Viewer(s)

Total at this time.
Alaska State Legislature
Alaska State Legislature
   
Alaska State Legislature
Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  E-News  |  HelpAlaska State Legislature
Alaska State Legislature
The Official Web Site of the House and Senate Legislative Majorities
for the Alaska State Legislature

To Report Technical Problems or Contact Webmasterse-mail address list