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January 28, 2021
Global insurance giant tailors programs to cover CLT construction in North America
Global giant insurer AXA XL's North America construction business has announced tailored Builders Risk insurance programs to address its construction clients' mass timber project risks. Mass timber, which includes cross laminated timber (CLT), has been gaining popularity in North America and several CLT manufacturing facilities have been built on the continent to produce the product. Gary Kaplan, president of AXA XL's North America construction business, described CLT as a sustainable building material which speeded up construction. “From a risk perspective ...
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