Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Alabama’s Lessons from Hurricane Ivan at 10th Anniversary
Oct 6 2014 // Last month marked the 10th anniversary of Hurricane Ivan, one of the costliest tropical storms to ever hit the U.S. Ivan came ashore near Gulf Shores, Alabama, on Sept. 16, 2004, as a Category 3 storm. The storm also...
Texas Construction Company Owners Sentenced for Workers’ Comp Fraud
Sep 25 2014 // Texas Mutual Insurance Co. reported that a Travis County district court sentenced Anthony Stokes and Mario Williams of Little Elm, Texas, for workers’ compensation fraud-related charges. Stokes and Williams were...
Helping Clients Through Home Renovations
Sep 22 2014 // Home renovations are in high gear these days, thanks to low interest rates on second mortgages and bank loans. But, the construction process itself is typically fraught with anxiety, given longer-than-expected timeframes...
Fatal Occupational Injuries Decrease by 8% in Texas in 2013
Sep 22 2014 // In 2013, there were 493 fatal occupational injuries in Texas, an 8 percent decrease from 536 in 2012, the Texas Department of Insurance reported. The figures are based on preliminary data released release by the U.S....
Building Stronger, Other Lessons from Hurricane Ivan at 10th Anniversary
Sep 18 2014 // This week marks the 10th anniversary of Hurricane Ivan, one of the costliest tropical storms to ever hit the U.S. Ivan came ashore near Gulf Shores, Alabama, on Sept. 16, 2004, as a Category 3 storm. The storm also...
Hull to Head Surety for Willis
Sep 16 2014 // Global insurance and reinsurance broker Willis Group Holdings has appointed Scott Hull as executive vice president and head of Surety. Hull will be responsible for directing surety operations across Willis’ platform,...
Texas Sees Decrease in Fatal Occupational Injuries in 2013
Sep 11 2014 // In 2013, there were 493 fatal occupational injuries in Texas, an 8 percent decrease from 536 in 2012, the Texas Department of Insurance reported. The figures are based on preliminary data released release by the U.S....
Report: 1-in-6 Construction Workers in California Part of ‘Informal Economy’
Sep 8 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” costing...
Surplus Carriers Search for Growth Never Ends
Sep 8 2014 // In 2013, net income more than doubled from the $1.57 billion reported in 2012, according to the “2013 U.S. Surplus Lines Market Review” published by A.M. Best. Not resting on their laurels, surplus lines...
Marsh Canada Acquires Montreal-based Kocisko Insurance Brokers
Sep 4 2014 // Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed. “Kocisko focuses on...
Report: 1-in-6 Construction Workers in California Part of ‘Informal Economy’
Sep 2 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” an...
Louisiana’s Homeowners Market Stronger 9 Years after Katrina
Aug 29 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Beattie to Head Miller’s Expanded Asia Construction Offering
Aug 29 2014 // UK-based broker Miller Insurance Services LLP announced that it has “implemented plans to grow its Asia construction book with the appointment of producer Paul Beattie as Head of Construction, Asia.” Beattie...
U.S. Home Construction Jumps 15.7% in July
Aug 27 2014 // U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a...
Coast Guard, N.J. National Guard Still Recovering From Sandy
Aug 18 2014 // Two years after Hurricane Sandy pounded the New Jersey coast, the USCGC Sailfish has yet to return home. The gleaming white 87-foot patrol boat, now temporarily based out of Bayonne, New Jersey, still cannot go back to its...
Focusing on Disaster Costs Before Rather Than After They Happen
Aug 6 2014 // The United States spends a lot of money responding to natural disasters but comparatively little trying to limit the costs of disasters before they happen. As the costs to the government and the insurance industry mount,...
Baton Rouge-Area Among Top Gainers for New Construction Jobs
Aug 1 2014 // Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on...
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Willis Appoints Chapman Middle East Regional Construction Industry Leader
Jul 11 2014 // Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary...
Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis
Jul 8 2014 // According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a...
