Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh
Oct 1 2021 // Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by...
Construction Fintech Built Nabs $1.5B Valuation; Growth Plans Include Insurance
Sep 30 2021 // Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million in an equity funding round led by TCV. Brookfield Technology...
People Moves: Mosaic Builds Out International Cyber Team; Howden Appoints 19 for Construction Division Across EMEA
Sep 28 2021 // Mosaic Expands Cyber Team in UK Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of new team members to its UK-based unit. The specialty insurer began...
People Moves: AXA XL’s Harth to Liberty Specialty in Germany; Amwins Global Hires Ed Broking’s Keenan for Construction & Engineering; Marsh’s Tigleanu to Lockton Re Cyber
Sep 21 2021 // This edition of International People Moves details appointments at Liberty Specialty Markets, Amwins Global Risks and Lockton Re. A summary of these new hires follows here. Liberty Specialty Markets Appoints AXA XL’s...
The Impact of COVID-19 on Contractors and the Construction Industry
Sep 20 2021 // The coronavirus pandemic forced most individuals and businesses to stand still for a moment in time, a pause that was challenging for many and cost jobs, income and growth. While many industries are transitioning back to...
People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice
Sep 17 2021 // This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley...
People Moves: RT Specialty’s Fagan Promoted; Baez Joins Berkley Construction Professional
Sep 14 2021 // RT Specialty Promotes Fagan Within Environmental and Construction Professional Practice Joseph Fagan has been promoted to account manager within the environmental and construction professional (ECP) practice of RT...
People Moves: BMS Australia Hires Gallagher’s Van Dugteren, Aon’s McKenzie; elseco’s Warren to Oneglobal; Miller Appoints WTW’s Goreham to Lead Construction
Sep 14 2021 // This edition of International People Moves details appointments at three brokers: BMS, Oneglobal Broking and Miller. A summary of these new hires follows. BMS Australia Names Gallagher’s Van Dugteren, Aon’s...
People Moves: InsureGood Hires Taylor, Berkley Construction Professional Hires Baez
Sep 9 2021 // Connecticut’s InsureGood Hires Taylor as Vice President of Business Development Hartford, Connecticut, insurance and risk management consulting firm InsureGood hired Carrie Taylor as vice president of business...
People Moves: C3 in California Launches Construction Division with Heidemann, Hallett, Porlas, Shea
Aug 31 2021 // C3 Risk & Insurance Services in San Diego, Calif. hired four insurance industry veterans to establish new construction and surety divisions. The new team members to the construction and surety divisions are: Paul...
People Moves: Chubb’s Kocsondy Joins Beazley Cyber; Ames & Gough Adds Martin; WTW’s Kinzer Moves to Zurich Construction; AXA XL Adds 4 to Pollution Team
Aug 17 2021 // Beazley Appoints Chubb’s Kocsondy as U.S. Cyber & Tech Chief Specialist insurer Beazley has appointed Patricia Kocsondy as head of U.S. Cyber & Tech. Kocsondy, an experienced cyber underwriter and manager,...
Red Flags on Insurance for Green Building Products
Jul 19 2021 // While “greener” buildings are important to reducing global carbon emissions, the buildings offer much more than that. Green buildings bring people together in natural common areas, foster positive impacts of...
Palomar, PURE to Offer High-Value Residential E&S Construction Program
Jul 1 2021 // Palomar Holdings Inc. announced a new partnership with PURE Programs to offer owners of high value homes undergoing complex construction projects a new specialized excess and surplus (E&S) lines insurance and risk...
How Agents Can Help Construction Clients Prepare for Post-Pandemic Growth
Jun 21 2021 // Nearly a decade of continuous construction industry growth was halted in 2020 as the industry battled direct and collateral effects from COVID-19. According to Nationwide’s recent Agent Authority research,...
Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market
Jun 21 2021 // It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction industry continues to face labor shortages, rising costs, supply chain woes and lingering...
Mass. Construction Company Owner Charged with Payroll, Workers’ Comp Fraud
Jun 15 2021 // The owner of a Revere, Massachusetts, construction company was sentenced on June 10, 2021, on charges of engaging in an under-the-table payroll fraud scheme that defrauded the government of more than $500,000 and insurance...
Construction-Oriented CPA Plays Key Role for Contractors
Jun 8 2021 // This post is part of a series sponsored by Old Republic Surety. If you’re an independent agent with construction contractor clients, here’s an article to share with them about accounting best practices. When...
Worker Falls to Death at Queens Building Under Construction
May 25 2021 // A worker fell to his death from a scaffold at a building under construction in Queens, officials said. Diego Lliguicota, 32, fell from a scaffold at 9:30 a.m. Saturday as he was trying to remove a ladder on the sixth floor...
Florida Construction Co. Owner Arrested for Evading Payment of Workers’ Comp Premium
May 21 2021 // The owner of a Florida construction business has been arrested for allegedly concealing payroll information to avoid paying more than $718,000 in workers’ compensation premiums, according to a statement from the...
Explosion Damages New Hampshire House Under Construction, Worker Burned
May 19 2021 // An explosion happened at an Amherst house that was under construction, causing a contractor to suffer burn injuries to his arms, New Hampshire fire investigators said Friday. Firefighters responded to the house near...
