Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Familiar Concern: Construction’s Labor Woes
Jun 17 2024 // While the rise in new business activity in the construction space is exciting for insurers, the decades-long dilemma over a shortage of qualified talent does worry underwriters. Darren Tasker, North American head of energy...
Insurance Keeping Up With Construction Demand: Construction Activity ‘Phenomenal’ Despite Labor Shortage
Jun 17 2024 // While the labor market continues to come up short for the construction industry, the insurance market is doing its job supplying the coverages the industry needs to keep up with the significant demand for new...
Industry Drill Down: NCCI Sees Declines in Construction Claim Frequency
Jun 17 2024 // The construction sector accounts for the largest premium share when it comes to workers’ compensation premium in National Council on Compensation Insurance (NCCI) states but improved safety measures and employee...
Crisis Management Planning For Your Construction Company
Jun 11 2024 // This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple...
Broker Verlingue Launches Dedicated Construction Practice in UK
Jun 4 2024 // Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction industry. The practice, led by Harvey Monk, sales director South, brings...
Insurers Off the Hook in O’Hare International Airport Construction Dispute
Jun 3 2024 // Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that...
People Moves: RT Specialty Promotes 6 in New Jersey Environmental/Construction Team
May 22 2024 // Daniel Wilhelm RT Specialty, headquartered in Chicago, made several promotions in its Hamilton, New Jersey office, part of the RT Specialty Environmental and Construction Professional Practice (RT ECP). Daniel Wilhelm was...
Body of Last Missing Construction Worker Recovered from Baltimore Bridge Site
May 10 2024 // The body of the last missing construction worker killed in the collapse of Baltimore’s Francis Scott Key Bridge in March has been recovered, officials announced Tuesday as demolition crews prepared to use explosives...
China Construction Bank Sued in US Over Reinsurance Fraud Losses
May 10 2024 // China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud in the reinsurance industry that left companies with “monumental...
California Construction Company Fined $371K for Fatal Trench Collapse
May 10 2024 // Cal/OSHA cited D’Arcy & Harty Construction Inc. $371,100 for failing to protect employees working in a trench excavation at a construction site in San Francisco. On Sept. 28, 2023, an employee was replacing sewer...
Construction Site Fatalities Down, Injuries Up in New York City
May 9 2024 // Building construction-related fatalities in the five boroughs of New York City are at the lowest number in nearly a decade, with seven deaths in 2023 as compared to a high of 14 in 2019. While fatalities are down, the...
People Moves: RT Specialty’s Environmental & Construction Professional Practice Promotes Six
May 8 2024 // Hannah Altomare RT Specialty made six promotions to leadership roles in its environmental & construction professional practice. Hannah Altomare was promoted to consultant. Altomare joined RT ECP six years ago. She...
Runaway Steel Drum From Construction Site Kills Woman
May 7 2024 // A steel drum weighing thousands of pounds somehow rolled out of a construction site in Pittsburgh and eventually struck and killed a woman who was walking on a nearby sidewalk, police said. The accident occurred around...
Why a Focus on Safety Matters: Experts Share the Value of Proactive, Updated Construction Safety Practices
May 6 2024 // When construction accidents happen in the United States, the worker often takes the blame. Companies often ask: “What did the worker do wrong?” according to safety expert TJ Lyons. Lyons believes a better...
5 Ways to Prevent Water Damage in Buildings Under Construction
May 1 2024 // This post is part of a series sponsored by IAT Insurance Group. Water damage stands as a persistent threat to buildings under construction, ranking as one of the leading causes of property loss worldwide. In the U.S....
3 Construction Workers Killed Doing Overnight Sealing on I-83, Police Say
Apr 18 2024 // LEWISBERRY, Pa. (AP) — Three construction workers on a maintenance project along a Pennsylvania interstate were struck and killed by a truck early Wednesday, state police said. Investigators said a 24-year-old man was...
Fourth Construction Worker Recovered From Site of Baltimore Bridge Tragedy
Apr 15 2024 // The body of a fourth victim of the collapse of the Francis Scott Key Bridge in Baltimore has been recovered. The body of the deceased construction worker was transported to the chief medical examiner and positively...
People Moves: Leif Assurance Hires Sanfilippo as Construction Risk Advisor
Apr 10 2024 // Leif Assurance, headquartered in St. Louis, hired Vincent Sanfilippo as a Construction Risk Advisor. Sanfilippo has more than 15 years of experience in insurance and construction. He most recently served as operations...
Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James,...
Construction Workers Had Little Warning as Baltimore Bridge Collapsed. Why?
Apr 5 2024 // In the moments before the cargo ship Dali rammed into the Francis Scott Key Bridge and sent it crumbling into the water, a flurry of urgent warnings crackled over radios and enabled police to block traffic from getting on...
