Construction News

XL Group Adds Fleet Safety Service to Construction Insurance

As nearly half of all construction fatalities involve a vehicle, XL Group North America Construction has added fleet safety training services to its construction insurance business in collaboration with Issaquah, Washington-based SWERVE Fleet Training. Contractors face significant vehicle risks both …

Aon Web Tool Aids Contractors Working in Multiple States

The Construction Services Group of Aon Risk Solutions has a new web-based tool to help clients navigate the risk challenges of pursuing work in multiple geographies. The Construction Risk Portal is a single website that currently houses two applications. The …

XL Group Offers Pre-qualification Service for Subcontractor Default Insureds

XL Group’s North America Construction team has added a new pre-qualification benchmarking service for Subcontractor Default Insurance (SDI) clients to make sure contractors have the right process in place to select subcontractors wisely. Pre-qualification of subcontractors is an important risk …

U.S. Home Construction Jumps 15.7% in July

U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of …

Insurance Noodle Launches Integrated Small Contractors Facility

Insurance Noodle has launched an integrated property and casualty facility for small contractors, bringing together several major carriers via a single access point. The program was designed to help agents working with contractors, such as handymen, landscapers and installers in  …

California Railroad Bridge Collapses, Kills Worker

A construction worker died from a fall Sunday after a railroad bridge he was cutting collapsed and pulled him down to a freeway, authorities said. Okesene Faasalele, 59, of Long Beach was attached to the bridge over state Route 91 …

Minnesota Construction Industry Booms, Workers Needed

With the recession over, Minnesota construction companies are scrambling to fill open jobs. The state’s construction industry shed tens of thousands of jobs during the housing crash, but it’s booming again. According to state employment data, construction is by far …

Sprinkler Clause Adds Wrinkle To Minnesota Bonding Debate

When it comes to the $846 million construction borrowing package being debated at Minnesota’s Capitol, many wonder if it’s it too big to fail. Or in the case of Gov. Mark Dayton, is too big to veto? Dayton threw a curveball …

Schinnerer Introduces Residential Builders’ Risk Program

Underwriting manager Victor O. Schinnerer & Co. has launched a new residential builders’ risk program. Schinnerer will serve as a program access point for retail agents and brokers. The inland marine line of coverage, offered on admitted paper through Arch …

ACE, ESIS Launch Programs for Construction Industry Addressing OSHA

ACE has launched specialized servicing capabilities designed for the construction industry through ESIS, Inc., a risk management services company owned by ACE Group. These services are available for general contractors, construction managers, trade contractors, and developers for both new construction …