Ullico Casualty Group, NFP & Partner With The New Terminal One To Launch A Landmark Alternative Dispute Resolution Program That Will Give NYC Union Labor A Competitive Advantage Vs. Non-Union Labor ‘To Level The Playing Field’
(NEW YORK CITY) – The Ullico Casualty Group, LLC, an insurance solutions provider for Labor Organizations, and NFP - a leading insurance broker and benefits consultant, have partnered with the New Terminal One, a consortium of Labor, operating and financial partners building a world-class, all-international terminal at JFK Airport. Through this partnership, they have successfully integrated an Alternative Dispute Resolution (ADR) Program into the project, creating a culture of safety, support and security for Workers, Officials said.
ADR is an independent system for administering Union Workers’ Compensation Claims. It is designed to provide better medical care while lowering insurance costs.
The new model, the first ADR Program agreed to by the Building and Construction Trades Council of Greater New York in 20 years, has national implications for Union Workers, generating opportunities for Union Labor to be more competitive and securing construction agreements that previously would have been awarded to Non-Union Workers.
“This landmark initiative makes Labor more competitive in New York City and across the United States and provides significant economic opportunities for Workers, their families and communities,” New Terminal One President and CEO Dr. Gerrard Bushell said.
“Our equity sponsors are committed to delivering a world-class terminal, creating jobs for Labor and the local community, and driving Minority/Women-Owned Business Enterprise participation across the project. The ADR program creates a safer and more equitable system with implications far beyond New York,” he said.
Recognizing the value ADR could bring to the Workers and the project, the New Terminal One, the Building Trades, Ullico Casualty Group and NFP partnered to craft an ADR Program that is a cornerstone of an owner-controlled insurance program for the project’s construction.
Under a Project Labor Agreement (PLA), the New Terminal One expects to generate 6,000 construction jobs and a total of 10,000 jobs over the life of the project.
“NFP’s decades-deep expertise in the construction and Workers’ Compensation space has allowed us to collaborate seamlessly with Ullico Casualty Group to create a coverage solution that is mutually beneficial for Union Employees and general contractors,” said Henry Lombardi, who serves as the Executive Vice President of Property and Casualty at the NFP.
“By bringing the right people and right resources together, we have empowered the signatory employers to bid more competitively on construction Project Labor Agreements across the five boroughs and delivered a big win for New York City Organized Labor,” he said.
Over the years, insurance costs have put Organized Labor in New York City and their signatory employers at a disadvantage when competing for high-profile construction projects.
The Ullico Casualty Group/NFP ADR Program redefines the building and construction landscape of New York City by accounting for the unique challenges Union Members face and turning them into a competitive advantage.
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