Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
AIR Assessing Damage Picture from Mexico’s Earthquake
Mar 21 2012 // Catastrophe modeling firm AIR Worldwide has issued a bulletin analyzing the magnitude 7.4 earthquake that struck southwestern Mexico yesterday. Dr. Tao Lai, Principal Engineer at AIR Worldwide, explained that the...
2012 Hot Markets: Green Building, Retrofits Offer Growing Opportunity
Mar 19 2012 // This article is part of our Hot Insurance Markets for 2012 special feature. Green homes accounted for 17 percent of the overall residential construction market in 2011. And the trend of going green isn’t expected to...
XL Group’s Construction Business Expands West
Mar 12 2012 // XL Group plc’s North America Construction is establishing a west coast underwriting operation in San Francisco, Calif. XL is setting up its west coast presence with Michael Simone, currently executive underwriter of...
Jenkins Names French VP of Construction and Real Estate
Mar 9 2012 // Concord, Calif.-based Jenkins Insurance Group named Peter French vice president in its construction and real estate practice. French’s primary focus will encompass commercial, civil and residential construction, as...
UK Broker BMS Launches New Global Construction Initiative
Mar 9 2012 // Independent global broker BMS Group announced that it has launched a new global construction initiative, to be headed by Gavin Madell, who has over twenty years’ experience in the field. BMS said the new team...
Willis Tabs Zurich Exec to Lead U.S. Construction Surety Business
Feb 23 2012 // Willis North America, a unit of global insurance broker Willis Group Holdings, appointed Sean McGroarty as New York-based national surety leader of Willis North America construction practice. Sean McGroarty Previously,...
XL Group Launches Product for Construction Equipment
Feb 14 2012 // The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether...
Builder Agent Network Expands Program for Texas Construction Industry
Feb 1 2012 // Builder Agent Network has launched a product for home building and contractor markets in Texas. The company, which functions as the managing general agency for Builders Insurance Group’s Texas products, will start...
Texas Mutual Pays $450K Dividend to NFIB Construction Group
Jan 31 2012 // Texas Mutual Insurance Co. announced a $450,058 workers’ compensation dividend to the National Federation of Independent Business (NFIB) construction safety group. The dividend was based largely on the safety...
Mistakes at Tennessee Nuclear Reactor Cause Work Stoppage
Jan 24 2012 // Mistakes by construction workers at the Tennessee Valley Authority’s Watts Bar reactor project, described last Friday by the utility’s chief executive as potentially fatal, idled about 1,000 workers temporarily...
Heffernan Hires Fonseca as VP of Construction Practice in New York
Jan 11 2012 // Heffernan Insurance Brokers, an independent insurance brokerage headquartered in Walnut Creek, Calif., hired Victor Fonseca to join its New York office as vice president of construction practice. Fonseca brings over 17...
Under Construction
Jan 9 2012 // Apartment Builders see Uptick in Market Changing demographics and new economic realities are driving more people away from homeownership in the suburbs and into rental properties and apartments in many areas around the...
The Construction Market Evolution
Jan 9 2012 // Henry Ford once said that his customers could order his Model T cars in whatever color the customer wanted, as long as it was black! For many years, the relationship between contractors and their insurance company seemed...
Windstorm Ulli is Latest to Batter Northwest Europe; AIR Analysis
Jan 5 2012 // Catastrophe modeling firm AIR Worldwide’s report on Windstorm Ulli notes that it is “passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today. “A class 2 weather...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
People
Dec 16 2011 // Liberty Mutual consolidated its specialty construction operations and appointed James Conroy senior vice president and chief underwriting officer for construction, Liberty Mutual commercial markets. Previously, Conroy was...
Northern UK, Scotland Battered by Windstorm Friedhelm: AIR Analysis
Dec 12 2011 // According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. As a result, AIR said “widespread structural damage” was likely; flood...
Green Retrofitting Surpasses New Green Construction for First Time
Dec 9 2011 // Green retrofitting of commercial buildings is outpacing the construction of new green buildings, according to a new report issued this week. The trend could mean that more building owners may believe that bringing their...
Fireman’s Fund Bushnell Named to U.S. Green Building Council Board
Dec 8 2011 // Steven Bushnell, a senior director at Novato Calif., based-Fireman’s Fund Insurance Co., has been appointed to the U.S. Green Building Council 2012 board of directors. USGBC on Thursday announced the newly elected...
Florida Gov. Scott Questions Citizens Insuring High-Risk Construction
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp....
