Construction News

Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore construction and engineering risk categories. The consortium was launched in …

Novae Launches Construction Unit with Appointment of Cross

Novae Group plc, the specialist listed Lloyd’s insurer, announced that Steve Cross has joined as unit head – construction. He is based in London and reports to Stuart Heath, divisional head of property. Cross joins from CNA Hardy where he …

London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform

Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via the Lloyd’s Singapore platform. Brit has received approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore …

Oregon Wife Files $7.9M Suit After Husband Crushed by Dump Truck

A Medford, Ore. woman has filed a lawsuit against two construction companies after he husband was crushed to death by a dump truck in a construction area on Interstate 5 near Cottage Grove. The Mail Tribune reported that Karee Battenfield …

London-Based CNA Hardy Appoints Hairsine as Head of Construction

CNA Hardy, the London-based specialist commercial insurance provider within the Lloyd’s and company markets, is pleased to announce the appointment of Caroline Hairsine as the new head of Construction. Hairsine joins CNA Hardy from Zurich Insurance, where she was a …

California Bill Would Require Disclosure of Construction Settlements

Construction companies will have to disclose building defects such as those that could have contributed to a deadly balcony collapse in Berkeley under a state legislative proposal . The bill by two Northern California state lawmakers would require construction companies …

W.R. Berkley Forms Construction Professional Liability Unit; Bustamante to Head

W. R. Berkley Corp. announced the creation of Berkley Construction Professional Liability Underwriters to provide professional liability, pollution liability and protective coverages for contractors and project owners across all forms of non-environmental construction. Products will be available on both a …

Nautilus Expands Contractors Program, Reduces Rates

Nautilus Insurance, a W. R. Berkley Co., has enhanced its general liability product offering for contractors, while also expanding product availability to all states except Colorado and New York. Nautilus Insurance writes on behalf of Nautilus Insurance Co. and Great …

Ironshore Names Owen as Senior Vice President of Global Property Energy

Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global Property Builder’s Risk business lines and will continue in …

Construction Lawsuit Liability Bill Defeated In Colorado House

A long-awaited bill to make it harder to sue Colorado homebuilders for defective construction has failed in the Colorado legislature. The bill was rejected Tuesday by a House committee controlled by Democrats. The measure would have revised procedures for construction …