Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction Market Keeps Building: Brokers’ Outlook on Current & Future Opportunities
Jun 20 2016 // Amid ups and downs, the construction market has seen steady growth over the past four years, and now construction insurance specialists believe the market is set to finally start to heat up. The intense competition has...
New Construction Certification Aims to Specialize the Specialist
Jun 20 2016 // The construction risk is one of the toughest categories of businesses to insure. Insurance professionals are vulnerable from the first point of sale, according to Laurie Infantino, president of the Insurance Community...
Contractor’s Professional Mitigation of Damages Coverage
Jun 20 2016 // As contractors’ professional liability insurance products continue to develop and evolve in the marketplace, many contractors aren’t aware of a new “first-party” coverage that has become available...
Aspen Insurance Appoints International Head of Onshore Energy & Construction
Jun 2 2016 // Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointment of Erik Armellino as international head of Onshore Energy & Construction. Armellino has more than 20...
Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M
May 27 2016 // 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...
XL Catlin Hires Newick as Leader for Energy, Property & Construction Claims
May 23 2016 // XL Catlin announced the strengthening of its insurance claims team with the appointment of Oliver Newick to the position of global practice leader for Energy, Property & Construction Claims. Newick joins XL Catlin from...
Florida Construction Company Owner Nabbed in Workers’ Comp Fraud Scheme
May 22 2016 // The owner of a construction company in Naples, Fla., was arrested this month for an alleged workers’ comp scheme, according to an announcement from Florida Chief Financial Officer Jeff Atwater. Raimundo...
MarketScout Adds Lohmar to Construction Practice in Dallas
May 16 2016 // MarketScout, an electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has hired construction industry underwriting veteran, Rhonda Lohmar. Lohmar joins the construction practice with more than 20...
Why FEMA Disaster Aid Deductible Makes Sense, Except to Local Officials and Builders
May 13 2016 // The proposal boiled down to just three paragraphs in the Federal Register: Would it be a good idea, the Federal Emergency Management Agency wondered, if Washington gave states a financial incentive to pass building codes,...
Storm Shelter Construction Begins on 1st of 20 Schools in City in Oklahoma
May 11 2016 // Construction is underway at the first of 20 Tulsa, Okla.-area schools that will receive new classroom or library additions to double as storm shelters. The Tulsa World reported that a $415 million bond package that Tulsa...
Florida Business Owner Arrested for $300K Workers’ Comp Scheme
May 4 2016 // An owner of a construction company in Orlando, Florida. is being charged with workers’ compensation premium fraud and engaging in an organized scheme to defraud, according to a statement from the Florida Department...
Vandal Causes $400K in Damage at South Dakota Construction Site
May 3 2016 // Police in Sioux Falls, S.D., are looking for the vandal who damaged construction equipment to the tune of $400,000. Police spokesman Sam Clemens says the vandal was able to turn on a backhoe and tipped over a pickup truck,...
Propel Insurance Hires McCormick in Washington for Construction Practice
May 3 2016 // Propel Insurance has named Michael McCormick a sales executive in the firm’s construction practice. McCormick will be working out of Propel’s Seattle, Wash. location. His prior experience includes sales at...
5 Reasons the ‘Primary and Noncontributory’ Requirement is Unethical, Ironic and Ridiculous
May 2 2016 // Several weeks ago I released an article questioning the need for the “primary and noncontributory” (PNC) requirement found in most construction contracts. I followed that article with a piece stating that the...
Ecuador Earthquake’s Death Toll Rises; AIR Worldwide Comments
Apr 18 2016 // World leaders from the Vatican to Washington offered support to Ecuador as casualties mounted following one of the strongest earthquakes to strike the South American country in decades. The number of dead has climbed to at...
1 Killed, 3 Injured as 45-Ton Beam Falls on Illinois Construction Site
Apr 7 2016 // Federal officials are investigating two companies after a construction worker was killed and three others were injured in suburban Chicago. The accident happened early on April 5 when a 40-ton steel bridge beam fell on the...
Novae Launches Construction Unit with Appointment of Cross
Apr 4 2016 // 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...
Oregon PGE Sues Backers of Construction Bond for $180M over Shoddy Work
Mar 31 2016 // A Portland, Ore.-based electricity provider that fired the contractor building its natural gas plant in Boardman is suing the backers of a bond guaranteeing construction. The East Oregonian reported Portland General...
The ‘Primary and Noncontributory’ Tool Or Why this Requirement Should Disappear
Mar 29 2016 // Upper tier contractors seek to avoid, through the use of various transfer mechanisms, the financial costs that can result from bodily injury or property damage to a third party caused or contributed to by other parties...
OSHA Issues Final Rule on Silica Exposure Protections; Industries Vow to Overturn
Mar 25 2016 // Capping a decades-long effort, U.S. workplace regulators on Thursday announced a final rule to boost protections against occupational exposure to crystalline silica, a carcinogenic dust ubiquitous in construction,...
