Latest Construction Headlines

NAMIC Concerned about Oregon’s Single Construction Liability Insurer

Nov 23 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to...

Tracking Commercial Autos

Nov 21 2005 // Before you can finish saying “Beam me up, Scotty,” chances are a tiny transmitter is bouncing a signal off a satellite somewhere in space, indicating that your insured’s taxi is stowed in the hold of a...

Tracking

Nov 20 2005 // Autos Hi-Tech Gadgets Help Curb Losses Vendors of these types of high tech products strive to convince the insurance industry, and businesses that purchase commercial auto insurance for a wide variety of vehicles, that...

St. Paul Travelers Expands Appetite for Architects and Engineers Business

Nov 15 2005 // St. Paul Travelers has expanded its appetite for Architects and Engineers business to include a variety of construction and design consultants. Previously, only licensed or registered architects and engineers, landscape...

AIR Worldwide: Significant Quality Issues with Insurers’ Exposure Data

Nov 14 2005 // A recent analysis of insurers’ exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers’ commercial policy data is insufficient for a detailed and accurate...

Willis Group Leader Testifies Before Senate Subcommittee on Construction Risks in New Orleans Recovery

Nov 8 2005 // Paul Becker, North American Construction Practice Group leader for Willis, the global insurance broker, testified Tuesday at a hearing held by the Senate Subcommittee on Superfund and Waste Management on the construction...

Okla. Construction Bond Businesses Ordered to Shut Down

Oct 25 2005 // Oklahoma Insurance Commissioner Kim Holland announced she has ordered Dan Lyon to stop conducting unauthorized business involving insurance in Oklahoma. The order states Lyon provided a surety bond that may be illegal to...

Bliss and Glennon Adds New Residential Construction Market

Oct 25 2005 // Redondo Beach, Calif.-based Bliss & Glennon Inc. has announced that it has added a new market for New Start Residential Contractors in California. “We are very excited about this new facility. In addition to our...

Course of Construction Builders Risk Program

Oct 17 2005 // Nuts & Bolts: Builders and Tradesmen’s Insurance Services launched a national Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and...

Willis Builds Up N.Y. Construction Unit on Long Island

Oct 14 2005 // Willis Group Holdings, Ltd., continuing to strengthen its construction insurance practice has appointed two new people its Long Island, New York operations. Joining Willis from Select Contractors Coverage Corporation are...

Valuations: Educating Your Client on True Replacement Cost

Oct 3 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...

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...

Valuations: Educating Your Client on True Replacement Cost

Oct 3 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...

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,...