Construction News

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 …

Berkshire Hathaway Specialty Launches Consolidated Endorsement for Contractors

Berkshire Hathaway Specialty Insurance (BHSI) has introduced a consolidated insurance endorsement which combines numerous primary general liability coverage enhancements in a single product designed expressly for construction wrap ups and project-specific programs. The new endorsement allows for a clear-cut description …

Southern California’s Construction Sector Continues to Heat

Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …

ACE Expands Accelerator Portal to Construction Industry

The ACE Group has expanded its ACE Accelerator portal to allow access to construction industry clients. More specifically, the portal will now be made available to risk managers who support specialty and large general contractors and large national construction entities. …