According to Insurance Journal Magazine, dramatic increases or decreases in residential and commercial building activity growth could trigger a rise in construction defect or Workers’ Compensation claims.
States that are noted to be in the danger zone for underwriters based on current dramatic decreases in construction activity growth include New Jersey, Kentucky, Louisiana, Florida and Mississippi.
While the article does not speculate the reasons for such increased losses due to changes in growth, two common reasons are most often cited by other experts:
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