Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction-Defect Subrogation on the Rise But it Just Became More Difficult in Florida
Jul 17 2023 // Florida lawmakers this year approved a law that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took...
Theft is on the Rise: Is your construction site secure?
Jul 5 2023 // This post is part of a series sponsored by IAT Insurance Group. Here are two true claims stories: In Dallas, a 2018 Lincoln Ranger Welder and tools in a 20-foot container were stolen from an elementary school jobsite....
Construction-Defect Subrogation on the Rise But it Just Became More Difficult in Florida
Jun 27 2023 // Florida lawmakers this year approved a measure that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took...
Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk
Jun 23 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
Houston Men Charged With Burning Down Medical Center Under Construction
Jun 22 2023 // A 38-year-old Houston, Texas man is in custody on charges of maliciously using explosive materials resulting in physical injury and conspiracy to do so. Authorities arrested Jason Vernon Rogers on June 13. Truong Quoc...
New Home Construction Surges by Most in 3 Decades in May
Jun 20 2023 // Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after...
Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Jun 20 2023 // Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh...
Creative Construction
Jun 19 2023 // Now is the time for construction specialists to get creative, says Roger Cornett, leader of Holmes Murphy’s construction team. “It’s more incumbent on us construction-focused insurance brokers to be the...
EEOC Targets Construction Diversity, Equity & Inclusion
Jun 19 2023 // The construction industry is critical to our nation’s economy. It is also one of the country’s largest industries, employing nearly 11.8 million people in 2022. But for more than a decade, construction has...
Brokers Must Get Creative As Construction Market Grows Amid Project Delays, Labor Shortage, Higher Costs
Jun 19 2023 // The U.S. construction sector continues to see strong growth in various sectors and geographies but higher interest rates, higher building costs, and a decades-long shortage of skilled labor are contributing to a...
Construction/Engineering Sector Ranks Biz Interruption/Supply Chain Disruptions as Top Risk
Jun 19 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
Fires and Natural Disasters Cause Most Construction, Engineering Claims
Jun 19 2023 // Fires and natural disasters are the top contributors to construction and engineering losses, according to an analysis by Allianz Global Corporate & Speciality (AGCS) of 22,000 insurance claims worth €12.8 billion...
People Moves: Woodruff Sawyer in California Adds Valdez to Construction Team
Jun 16 2023 // Jamin Valdez has joined Woodruff Sawyer as vice president, construction. He will be based in Southern California. His focus is on construction and environmental risks. Before joining Woodruff Sawyer, Valdez was a senior...
Partial Crane Collapse at Atlanta Construction Site Injures Four
May 24 2023 // Four people were injured when a crane partially collapsed at a construction site in Atlanta, police said. Police and firefighters rushed Monday to the site in the city’s Midtown area. The four people who were hurt...
Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore
May 23 2023 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models...
Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud
May 9 2023 // Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation...
Manhattan DA Brings Charges in Alleged Affordable Housing Construction Fraud
May 3 2023 // Manhattan District Attorney Alvin L. Bragg, Jr. announced indictments charging eight individuals and six companies with fraud and corruption within the construction industry, including conspiring to fraudulently use...
45 Years Ago, the Deadliest Construction Accident in U.S. Killed 51
Apr 27 2023 // It was 45 years ago today that a huge scaffold system collapsed inside a cooling tower under construction at a West Virginia power plant, sending 51 workers tumbling to their deaths 170 feet below. Eleven members of one...
Alaska Oil Project Construction Allowed as Lawsuits Play out
Apr 5 2023 // Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s...
2 Killed in Construction Trench Accident at New York’s JFK Airport
Apr 5 2023 // Two workers were killed in a construction accident at New York’s John F. Kennedy International Airport on Monday, officials said. The Port Authority of New York and New Jersey, which runs the airport, said the two...
