Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Artisan contractors run for liability cover
Jan 2 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
Sizing Up The Construction Market
Jan 2 2006 // The list of insurers is hsorter and restrictions longer When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He...
Constructive advice
Jan 2 2006 // Producers in construction offer advice for producers breaking in “Affiliate with another agency that knows the industry and has the right markets. There are a limited number of markets out there for contractors and...
Risk management strategies before, during and after construction
Jan 2 2006 // The construction-defect wave of the past decade has demonstrated that a comprehensive litigation risk management program must address a project’s needs at pre-construction, during construction and at...
Building up construction insurance, block by block
Jan 2 2006 // Agent Dave Sinclair remembers his first construction account well since it was only about six years ago. It was a plumber contract with a premium of about $70,000. Today Sinclair’s Wallingford, Conn.-based agency...
California residential construction efforts reduce risk of defect litigation
Jan 2 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...
Construction — General Contractors and Artisans
Jan 2 2006 // Nuts & Bolts: Hull & Co., Stockton, Calif., has added another company to its array of contractors markets. The new market is Best’s rated “A,” IX and writes both general contractors and...
By Andrew G. Simpson
Jan 1 2006 // Agent Dave Sinclair remembers his first construction account well since it was only about six years ago. It was a plumber contract with a premium of about $70,000. Today Sinclair’s Wallingford, Conn.-based agency...
California residential construction efforts reduce risk of defect litigation
Jan 1 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...
Effect of Navy shipbuilder payments on insurance questioned
Jan 1 2006 // A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance...
Lots of stability
Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...
Artisan contractors run for liability cover
Jan 1 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
6 Hurricane experts Max Mayfield, Bill Bailey
Jan 1 2006 // Full agenda slated for Feb. 8 to 11 windstorm conference 6 Ga. legislative meetings successful 30 legislators, 102 agents attend IIAG events 8 Tenn. bill would require sinkhole coverage Legislator suggests adding new...
2006 construction forecast: sunny
Jan 1 2006 // Construction executives overall are more cautious than in the recent past two years but still generally optimistic about 2006. Builders in Arkansas, Louisiana, Oklahoma and Texas are the most optimistic while those in New...
By Don Neff
Jan 1 2006 // The construction-defect wave of the past decade has demonstrated that a comprehensive litigation risk management program must address a project’s needs at pre-construction, during construction and at...
Nevada Court Cancels Big Construction Defect Award
Dec 20 2005 // A multimillion-dollar construction defects award was erased Thursday by a unanimous Nevada Supreme Court decision that held the case had been improperly given class-action status by a lower court judge. The high court...
$32 MILLION TO CONSTRUCTION WORKER:
Dec 19 2005 // A Waterbury, Conn., jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
News Briefs
Dec 18 2005 // Alaska President Declares Alaska Major Disaster Following Fall Weather The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has reported that President George W. Bush has...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Conn. Jury Awards $32 Million to Injured Construction Worker
Dec 12 2005 // A Waterbury, Conn. jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
