Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Greater competition, higher prices challenge A&E market
Jul 2 2007 // For architects and engineers (A&E) the new mantra is: “They want it done better, cheaper, and faster,” according to Mark Henderson, architects and engineers product line manager for Chicago-based Shand...
Builder’s risk: difficult but manageable
Jul 2 2007 // New capacity enters the market, but terms and conditions not easy for many The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
Will new California construction codes lead to woes?
Jul 2 2007 // Historically, California has operated under the Uniform Building Code as modified by the state and adopted as the “California Building Code,” then adopted by local municipalities. Now, the International...
Greater competition, higher prices challenge A&E market
Jul 2 2007 // For architects and engineers (A&E) the new mantra is: “They want it done better, cheaper, and faster,” according to Mark Henderson, architects and engineers product line manager for Chicago-based Shand...
Project owners run for their own cover
Jul 2 2007 // Owners of construction projects increasingly have concerns separate from those of their contractors or design architects and engineers when it comes to liability insurance. Jacobus (Jaap) Vrolijk, vice president within...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage interpretation for losses involving general liability and property damage claims, says Paul...
Builder’s risk: difficult but manageable
Jul 2 2007 // The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at least in catastrophe prone regions. But outside of coastal areas and...
California Construction Sweep Yields 33 Citations
Jun 21 2007 // Investigators with the California Economic and Employment Enforcement Coalition (EEEC) recently targeted businesses in the construction industry who were operating illegally, to root out those companies that are avoiding...
Aon Construction Appoints Crail Director of Surety Operations
Jun 15 2007 // Aon Construction Services Group has hired Lisa K. Crail as director, surety operations. In this role, Crail will be responsible for improving efficiency and reducing transaction costs related to surety and client...
Construction Boom Leading to More Wash. Job-Site Accidents, Death
Jun 13 2007 // The number of workplace deaths and accidents is on the rise as construction continues its boom in King County, Wash., according to state statistics. The Seattle Post-Intelligencer reported that accidents and deaths on the...
N.Y. Businesses Renew Call for Reform of ‘Scaffold Law’
Jun 8 2007 // Business associations and groups representing New York’s agriculture sector and construction industry have again urged Governor Eliot Spitzer and state legislators to reform New York’s so-called “scaffold...
Minimizing risks for global catastrophes
Jun 4 2007 // Managing catastrophe risk is one of the biggest challenges facing any company’s risk manager. For multinational companies, the challenge of managing catastrophe risk is especially daunting. In the United States, risk...
Trump Steams Ahead but Most New Orleans High-Rises on Hold
Jun 1 2007 // Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises in New Orleans. But 20 months after the storm, most...
Miss. Gov. Announces Grants to Help Revitalize Coastal Communities
May 15 2007 // Grants to help with post-Katrina revitalization projects in 15 coastal Mississippi communities totaling more than $97.2 million will help fund projects such as new fire stations in Bay St. Louis, Moss Point, Picayune,...
Texas Mutual Pays $1.1M Dividend to Texas Construction Group
May 15 2007 // Texas Mutual Insurance Company will return a $1,156,031 dividend to the Texas Construction Association (TCA) purchasing group, the workers’ comp insurer announced. The dividend was based largely on the group’s...
Fortified building standards: Gulf Coast market salvation?
May 7 2007 // Concrete houses sprouting up in southern Alabama, Mississippi and elsewhere in the Gulf Coast region are more than just fortified structures that will protect their owners from up to 250 mph winds and 36 foot storm surges...
Burns & Wilcox Offers Course of Construction Product
May 2 2007 // Burns & Wilcox announced it has gained access to a personal lines course of construction product in several markets. The course of construction products can cover ground up construction, renovations, remodels,...
Argo Insurance Group To Host Green Building Seminar
Apr 19 2007 // The Argo Insurance Group, a San Francisco Bay Area commercial insurance brokerage, will be hosting a series of seminars on planning, building and protecting “green” buildings. For the first seminar in this...
C.V. Starr to Manage New Chubb Construction Liability Program
Apr 10 2007 // New York-based C.V. Starr & Co. has created a facility to underwrite project specific liability coverage in the residential construction business. The facility will provide coverage excess of a minimum retention of...
