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Allianz report highlights risks related to construction of super-tall towers

June 26, 2014 - 6:18am

Allianz Global Corporate & Specialty A.G. in a recent report discussed the challenges involved in constructing super-tall towers and how risks associated with such projects present challenges for insurers as well, reports The Construction Index.

Clive Trencher, senior risk consultant at AGCS, said the risks include flash flooding and fire risk. Ahmet Batmaz, global head of engineering risk consulting at AGCS, said "claims and risk consulting services are particularly important on a construction site with close evaluation of past claims often essential in preventing future claims."

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