Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Building Stronger, Other Lessons from Hurricane Ivan at 10th Anniversary
Sep 18 2014 // This week marks the 10th anniversary of Hurricane Ivan, one of the costliest tropical storms to ever hit the U.S. Ivan came ashore near Gulf Shores, Alabama, on Sept. 16, 2004, as a Category 3 storm. The storm also...
Hull to Head Surety for Willis
Sep 16 2014 // Global insurance and reinsurance broker Willis Group Holdings has appointed Scott Hull as executive vice president and head of Surety. Hull will be responsible for directing surety operations across Willis’ platform,...
Texas Sees Decrease in Fatal Occupational Injuries in 2013
Sep 11 2014 // In 2013, there were 493 fatal occupational injuries in Texas, an 8 percent decrease from 536 in 2012, the Texas Department of Insurance reported. The figures are based on preliminary data released release by the U.S....
Report: 1-in-6 Construction Workers in California Part of ‘Informal Economy’
Sep 8 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” costing...
Surplus Carriers Search for Growth Never Ends
Sep 8 2014 // In 2013, net income more than doubled from the $1.57 billion reported in 2012, according to the “2013 U.S. Surplus Lines Market Review” published by A.M. Best. Not resting on their laurels, surplus lines...
Marsh Canada Acquires Montreal-based Kocisko Insurance Brokers
Sep 4 2014 // Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed. “Kocisko focuses on...
Report: 1-in-6 Construction Workers in California Part of ‘Informal Economy’
Sep 2 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” an...
Louisiana’s Homeowners Market Stronger 9 Years after Katrina
Aug 29 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Beattie to Head Miller’s Expanded Asia Construction Offering
Aug 29 2014 // UK-based broker Miller Insurance Services LLP announced that it has “implemented plans to grow its Asia construction book with the appointment of producer Paul Beattie as Head of Construction, Asia.” Beattie...
U.S. Home Construction Jumps 15.7% in July
Aug 27 2014 // 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...
Coast Guard, N.J. National Guard Still Recovering From Sandy
Aug 18 2014 // Two years after Hurricane Sandy pounded the New Jersey coast, the USCGC Sailfish has yet to return home. The gleaming white 87-foot patrol boat, now temporarily based out of Bayonne, New Jersey, still cannot go back to its...
Focusing on Disaster Costs Before Rather Than After They Happen
Aug 6 2014 // The United States spends a lot of money responding to natural disasters but comparatively little trying to limit the costs of disasters before they happen. As the costs to the government and the insurance industry mount,...
Baton Rouge-Area Among Top Gainers for New Construction Jobs
Aug 1 2014 // Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on...
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Willis Appoints Chapman Middle East Regional Construction Industry Leader
Jul 11 2014 // Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary...
Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis
Jul 8 2014 // According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a...
Disaster Mitigation: How Incentives Can Help
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Port Authority Approves Financing Deal to Finish 3 World Trade Center Tower
Jun 26 2014 // The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein’s 3 World Trade Center that allows him to use $159 million of insurance proceeds to expedite construction. The...
University of Alabama Researchers Show Small Changes Can Make Big Difference During Tornadoes
Jun 16 2014 // Surviving a tornado in a wood-frame residential home is enhanced by an intact roof and standing walls, but light-weight garage doors can be the weak link to allowing high winds and pressure changes into a home that can...
Construction Renovation: Property Flips and Insurance
Jun 16 2014 // The number of U.S. single family home sales attributed to flipping is on the decline but that isn’t deterring investors. Despite the percentage of flipped homes shrinking to 3.7 percent of the total homes sold, the...
