Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Calif. Construction Company Sued for Misclassifying, Underpaying Workers
Mar 3 2010 // California Attorney General Edmund G. Brown Jr. has filed a lawsuit against Livermore-based Country Builders Inc. after he said the company “cheated workers out of wages,” falsified the company’s payroll...
Architect Not Liable for Economic Loss in Construction Defect Case
Feb 25 2010 // A property owner cannot sue an architectural firm for economic losses because of negligent design in a construction defect case, the Arizona Supreme Court has ruled. Issuing its decision in Flagstaff Affordable Housing...
Louisiana: Tax, Premium Advantages Available for Retrofitting Structures
Feb 24 2010 // Louisiana residents can apply for a state tax deduction for retrofitting their homes, as well as an insurance premium discount for building or retrofitting your home to comply with the Louisiana State Uniform Construction...
Lexington Releases SIR Policy for the Construction Industry
Feb 22 2010 // Lexington Insurance Co., a Chartis company, introduces Lex FollowUP, a policy designed for the construction industry to assume the legacy financial risk associated with general liability self-insured retentions (SIR). Lex...
Travelers Construction Insurance Offers Wrap+ Fidelity and Crime
Feb 18 2010 // Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction...
IRS, States Target Employers’ Use of Independent Contractors
Feb 16 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has...
Gas Cylinders Being Removed after Deadly Explosion in Connecticut
Feb 11 2010 // Crews were slowly and carefully removing gas cylinders from the site of a deadly explosion at an under-construction power plant in Connecticut, and investigators have interviewed survivors in an effort to determine the...
People
Feb 7 2010 // Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global...
It Figures
Jan 24 2010 // $1 Million Amount raised last year by InsurPac, the political action committee of The Independent Insurance Agents & Brokers of America (the Big “I”). It’s the first time the fund – which pays...
Construction Fatalities Drop in New York City
Jan 11 2010 // There has been an upside to the slowdown in construction activity in New York City: Fewer fatal workplace accidents. City officials reported Thursday that there were only three fatalities at New York building sites in...
Construction Specialists See Slow Recovery in 2010
Jan 10 2010 // Bright Spots for Commercial Contractors; Tough Times for Residential Market Construction insurance specialists say market improvement in 2010 for the construction industry will be slow for most sectors — even so...
Nevada Probes Allegations of Shoddy Work on Bridge
Dec 28 2009 // Nevada transportation officials are investigating claims by a construction worker who says a new highway bridge south of Reno, Nev., is unsafe because he was ordered to use substandard concrete to save money building...
People
Dec 20 2009 // Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president. Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Injury Severity, Not Legal Fees, Drives Workers’ Comp Costs in Illinois
Dec 7 2009 // The severity of injury and level of impairment — not the workers’ legal fees — have the most effect on payout for workers’ compensation claims among Illinois construction workers, researchers at the...
Aon Acquires Major Construction Insurance Broker Allied North America
Dec 7 2009 // Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in...
People
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
10 Things to Know About the Construction Industry Supply Chain
Nov 15 2009 // Construction activities affect nearly every aspect of the U.S. economy. Here are 10 things worth knowing about the construction industry: 1. Contribution to GDP In 2008, the construction industry’s contribution to...
More Heavy Metal Hits
Nov 15 2009 // Heavy Equipment Theft Now Estimated To Be A Sophisticated $600 Million Business On the last day in September, Jerry Dean Ledford was driving a stolen Ford F-250, and pulling a trailer loaded with a stolen tractor, down...
AAIS Introduces ‘Green’ Coverage Option For Commercial Output Program
Nov 12 2009 // The advisory aand policy form organzation American Association of Insurance Services (AAIS) is introducing an optional Green Coverage Endorsement and accompanying schedules under its Commercial Output Program (COP). AAIS...
