Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Fatal Work Injuries Dropped 10% in 2008; Down 20% in Construction
Aug 20 2009 // A total of 5,071 fatal work injuries were recorded in the U.S. in 2008, down about 10 percent from a total of 5,657 fatal work injuries reported for 2007, according to preliminary government figures. Based on these...
Ironshore to Offer Liability for Owners of Uncompleted Real Estate
Aug 13 2009 // Ironshore Inc. has developed a new program to provide coverage for property owners and holders of uncompleted or in-progress real estate and development projects to be offered through its subsidiaries. IronBuilt, the...
Lexington Upgrades Green Builder’s Risk Coverage
Aug 11 2009 // Lexington Insurance Co., a Chartis company, introduced an Upgrade to Green – Builder’s Risk, which provides coverage that supports green building construction and renovation projects registered with the LEED or...
Illinois AG Settles With Construction Firms Over Worker Classifications
Aug 11 2009 // Illinois Attorney General Lisa Madigan has reached an agreement to settle claims against five Chicago-area construction firms that were falsely classifying their employees as independent contractors, rather than fully...
EPIC Appoints Principal in San Francisco
Aug 6 2009 // EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has appointed Jeff Parkhurst as principal in its San Francisco office. Parkhurst brings 20 years of...
Insurance Association Develops Green Building Risk Options
Jul 23 2009 // The Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed new, standardized builders’ risk insurance policy forms that provide coverage for loss exposures related to the...
Willis Appointed Broker for Hong Kong’s ‘Largest-Ever’ Rail Project
Jul 23 2009 // Willis Group Holdings announced that it has been appointed as the broker for the” largest rail construction project ever undertaken in Hong Kong by client MTR Corporation Limited (MTR), the operator of Hong...
Energy Construction Market Reaches ‘Tipping Point’ Says Marsh
Jul 21 2009 // In its latest Energy Market Monitor, Marsh notes that the “onshore and offshore energy construction market reached a tipping point at the culmination of the first six months of 2009.” The report states that...
Safe and Sound
Jul 6 2009 // Making the Connection for Contractors Contractors with a sharp eye for their bottom line are smart to place a premium on safety. Insurance agents and brokers tend to know a construction business that avoids injuries is not...
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Marsh Launches Project Prof. Indemnity Insurance Facility for Construction Firms
Jun 29 2009 // Marsh’s London office announced the launch of “a new project professional indemnity (PI) insurance facility for major construction projects. Designed for projects with an estimated construction value in excess...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Construction on an Annual Policy
Jun 15 2009 // Coverage Triggers, Products/Completed Operations, and the Importance of Maintaining Continuity For many insurance professionals focusing on construction, any in-depth discussion of coverage triggers, prior-work exclusions...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Construction Projects at a Standstill
Jun 15 2009 // Risk Management Considerations to Help Protect and Preserve Properties on Hold In the current economic and credit crisis, construction entities — project owners, contractors, architects, engineers, material and equipment...
They Do THAT, Too!
Jun 15 2009 // Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C...
NBIS Develops Construction, Transport Insurance Program with Tower
Jun 9 2009 // Atlanta-based managing general underwriter NBIS, NationsBuilders Insurance Services, Inc., has launched a Heavy Construction and Transport Insurance Program in partnership with specialty insurer Tower Group Companies of...
Marsh Warns of ‘Perfect Storm’ in UK Construction PI Insurance Market
Jun 9 2009 // According to Marsh’s London Office, “the UK architectural, engineering and construction sector is facing a ‘perfect storm’ which could leave many firms facing increasing risks at a time when the...
Wilson Elser Expands in Las Vegas with Five New Partners
Jun 5 2009 // Wilson Elser Moskowitz Edelman & Dicker LLP has expanded its office in Las Vegas with new partners Michael M. Edwards, Jennifer Willis Arledge, David S. Kahn, Jorge A. Ramirez and Sheri Thome. The new partners will...
