Latest Construction Headlines

News Briefs

Jul 18 2005 // Arkansas P/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and...

War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help

Jul 18 2005 // Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the current federal backstop, the Terrorism Risk Insurance Act, which expires...

Jul 18 2005 // Majestic Insurance Company announced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to joining Majestic,...

War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help

Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...

Willis Releases Global Construction Market Overview

Jul 12 2005 // Willis Group Holdings has released its 2005 Global Construction Market Overview, a comprehensive analysis of the worldwide construction insurance market. The report includes commentary from various global market centers on...

Construction Co. Owner Sentenced in Okla. Workers’ Comp Fraud Case

Jul 6 2005 // The owner of a Tulsa construction company will pay $20,000 in restitution after pleading guilty to workers’ compensation fraud, according to Oklahoma Attorney General Drew Edmondson. William R. King, 41, was...

MOISTURE ROTTING OREGON HOMES:

Jul 4 2005 // An investigation by The Oregonian revealed that moisture is rotting newer homes and condominiums from Portland to Seattle. The moisture is the result of a combination of new building techniques, trouble-prone materials and...

Jerry Blais

Jul 4 2005 // Tom Ellis Zurich North America appointed Jerry Blais to a newly created executive position as head of Zurich’s South Central region. Headquartered in Dallas, the region consists of Texas, Oklahoma, Arkansas and...

News Briefs

Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...

News Briefs

Jul 4 2005 // ACIC OPPOSES CREDIT BILL: The Association of California Insurance Companies is opposing legislation which would eliminate rather than regulate credit-based insurance scoring, according to ACIC President Sam Sorich. The...

Aon Construction Group’s Nolan Named President of Dallas/Fort Worth Construction Financial Management Association

Jul 1 2005 // For the first time in its 20-year history, the Dallas/Fort Worth chapter of the Construction Financial Management Association (CFMA) has elected an insurance broker to the position of president. Aon Corporation announced...

China’s PICC Uses AIR Model for Earthquake Risk Analysis

Jun 28 2005 // AIR Worldwide Corporation has announced that China’s PICC Property and Casualty Company Limited has completed the first earthquake risk analysis using AIR’s China earthquake model. Guy Carpenter coordinated the...

Wash. L&I Urging Contractors to Take Action Against Deadly Falls

Jun 28 2005 // In light of the continuing boom in construction, as well as two recent incidents where workers fell from rooftops, the Department of Labor and Industries urged contractors to take action to protect workers from deadly...

Primavera Joins Willis as Senior VP in Construction Practice

Jun 27 2005 // Willis Group Holdings, the global insurance broker, announced that Paul Primavera has joined Willis’ Hunt Valley, Maryland operations as senior vice president of claims management in its construction practice. Prior...

Smith Joins Countrywide Insurance Group as VP for Construction Practice

Jun 23 2005 // California-based Countrywide Insurance Group announced that Jody Smith has joined the organization as vice president of Countrywide Insurance Services Inc.’s construction practice. Smith will work with both...

State Fund Withdraws Plans for Home Office Expansion

Jun 15 2005 // State Compensation Insurance Fund has announced it has decided to not move forward with the plans for the construction of a new office building adjacent to its headquarters at 1275 Market Street in San Francisco. When the...

Home Construction Standards, Warranties Now Effective in Texas

Jun 13 2005 // All homebuilders and remodelers in Texas must now offer new mandated warranties and building performance standards for home construction as outlined by the Texas Residential Construction Commission. The new warranties and...

Chubb Introduces New High-Limit Surety Bond Product

Jun 10 2005 // The Chubb Group of Insurance Companies has announced the launch of a new surety bond product, SuretyPlus, that can provide up to $250 million in excess surety bond protection for projects over $500...

Aon Risk Services Appoints Heffernan to Managing Director, San Jose, Calif.

Jun 8 2005 // Aon Risk Services Inc. announced that Michael Heffernan has been named managing director of the San Jose office. Heffernan, a recognized leader within the construction insurance market, was formerly co-national director of...

Aon’s Construction Services Group Appoints Heffernan to Managing Director, San Jose Office

Jun 1 2005 // Aon Risk Services Inc. today announced that Michael Heffernan has been named managing director of the San Jose office. Heffernan, a recognized leader within the construction insurance market, was formerly co-national...