Latest Construction Headlines

Survey: Competition, Capacity Characterize Surety Bond Market

Oct 3 2005 // Although today’s construction industry is coming out of a trench and contractors are intensifying competition by bidding low to get enough work to utilize available capacity, an increase in private sector...

Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...

The artisan contractors market on the rise

Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...

Builders & Tradesmen’s Insurance Services Introduces National Course of Construction/Builders Risk Program

Sep 26 2005 // Builders & Tradesmen’s Insurance Services has launched its National Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and Washington. The...

Report Discusses Hurricane Katrina’s Impact on the Construction Industry

Sep 25 2005 // NIP Specialty Brokerage, LLC, a wholesale brokerage specializing in construction, released an Insurance Advisory focusing on market impacts of Hurricane Katrina on the construction industry, with a focus on home...

Congress Asked to Shield Volunteer Contractors from Liability

Sep 21 2005 // The U.S. House of Representatives is weighing legislation to protect contractors who respond to declared federal, state and local emergencies or disasters from lawsuits arising out of their volunteer efforts. The provision...

Abram Interstate Offers Course of Construction, Builders Risk

Sep 6 2005 // Abram Interstate Insurance Services Inc has a new market for Course of Construction and Builders Risk. The Policy is Custom Tailored Coverage for Residential and Commercial Properties. Features include; All Risk Coverage,...

Surety Survey Shows Dramatic Changes in Marketplace Over Past 10 Years

Sep 5 2005 // Grant Thornton LLP recently released the results of its Surety Credit Survey examining bond producers’ perspectives of the surety marketplace for the construction industry. The data appears to indicate a dramatic...

News Briefs

Sep 5 2005 // MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company...

Surety Survey Shows Dramatic Changes in Marketplace Over Past 10 Years

Sep 5 2005 // Grant Thornton LLP recently released the results of its Surety Credit Survey examining bond producers’ perspectives of the surety marketplace for the construction industry. The data appears to indicate a dramatic...

Valuations: Educating Your Client on True Replacement Cost

Sep 5 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

CONSTRUCTION FIRM SETTLES BONDS DISPUTE

Sep 5 2005 // The U.S. Justice Department said that New York, N.Y.-based Turner Construction will pay the government $6.6 million to settle allegations that it submitted false claims. The company cooperated in an investigation into...

Lemac Adds New Residential Construction Market

Aug 24 2005 // William Newton, president of Los Angeles-based Lemac & Associates announced that they have added a new market for residential contractors in California. With a Best’s rating of “A” VIII and a minimum...

Is the New “American Dream” Owning a Converted Apartment?

Aug 22 2005 // When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I...

When Failure to Provide Fall Protection Becomes a Willful OSHA Violation

Aug 22 2005 // © 2005 ConstructionWebLinks.com Reprinted with Permission. All Rights Reserved The court rejected the contractor’s claim that it had a stringent fall protection plan, noting that the four-page, handwritten plan...

Survey: Competition, Capacity Characterize Surety Bond Market

Aug 22 2005 // Although today’s construction industry is coming out of a trench and contractors are intensifying competition by bidding low to get enough work to utilize available capacity, an increase in private sector...

Latin Agents Tackle Wind Damage Issues; Explain Confusing Condo Statutes

Aug 22 2005 // Like a hurricane rolling in from the Atlantic, a panel on hurricane insurance claims, moderated by Rudy Valdez-Diaz, a past-president of the Latin American Association of Insurance Agents, went into high-gear during the...

Is the New “American Dream” Owning a Converted Apartment?

Aug 22 2005 // When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I...

Is the New “American Dream” Owning a Converted Apartment?

Aug 22 2005 // When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I...

Bare market for residential

Aug 22 2005 // As construction development in the United States reaches an all time peak, with overall spending up 7.5 percent in 2005 compared to 2004, agents and brokers writing contractor business are having a tough time locating...