Construction and Contractors News

Aspen US Forms New Marine, Energy, Construction Unit

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive vice president. The unit complements Aspen …

The Hartford Expands Construction Group

The Hartford has enhanced its Construction Group capabilities by bring together its underwriting, claims management and loss control facilities and adding construction underwriters in key markets across the U.S. These enhancements are part of  The Hartford’s focus on insuring midsize …

ACES Launches Artisan Contractor Program in California

ACES Commercial Insurance Services, Inc., a managing general agency offering specialty commercial insurance products now has in-house binding authority for  small artisan contractors in California. The program is non-admitted with an AM Best Rated AX carrier, the program is designed …

California Contractors Praise Charges Against Pool Company

An announcement at the beggining of the month by the Riverside County District Attorney’s Office that it’s bringing criminal charges that include multiple counts of workers’ compensation fraud against a Southern California pool contractor has drawn praise from several groups …

How Agents Survived a Falling Housing Market

It has not been easy being an insurance agent specializing in the homebuilders insurance market during one of the worst economic recessions in U.S. history. Survival in the recession meant change and a lot of hard work. “I’ve worked harder …

Costs Rising in Minneapolis Water Main Break

Minneapolis, Minn., officials said they haven’t begun to tally the costs of a massive water main break that sent 14 million gallons of water gushing into downtown streets last week, submerging dozens of vehicles and forcing local businesses to shut …

Philadelphia Launches Coverage for Restoration Contractors

Philadelphia Insurance Cos. (PHLY) a property/casualty and professional liability insurance company for niche markets, has launched insurance coverage specifically designed to protect restoration contractors. These companies are typically hired – often by insurance companies – to clean up and restore …

Cove Programs Expands Product Offerings in Homebuilders Market

Cove Programs has expanded its product offerings and staffing to support the most recent national increase in homebuilding.  In addition to its program for larger production homebuilders in the country, Cove Programs now offers coverage and a flexible policy structure …

AIG Introduces OSHA Assist for Construction Clients

American International Group, Inc. has introduced OSHA Counsel Assist (OSHA Assist), an enhancement to general liability programs for construction clients that provides policyholders with legal support and additional limits if a work place injury or death results in an investigation …

Minnesota Contractor Gets 6 Years for Arson Conviction

A Duluth, Minn., building contractor convicted of vandalizing a client’s duplex over a billing fight has been sentenced to almost seven years in prison. A jury convicted 35-year-old Adam Leroy Seavey of first-degree arson. He was sentenced Friday to the …