Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Associated Builders and Contractors, CNA Partner to Advance Construction Safety
Sep 20 2011 // Associated Builders and Contractors (ABC) and CNA’s Construction unit have partnered to advance industry best practices in the field of construction safety. During this three-year partnership, scheduled to launch...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
Louisiana Court Orders Injunction Against Insurance Fraud Ring
Sep 9 2011 // Insurance regulators in Louisiana say a court has ordered a permanent injunction against members of an insurance fraud ring, banning them from further involvement in the insurance business in that state. Louisiana...
What’s in a Name?
Sep 5 2011 // Changes to Terminology Reduce Construction Bond Mystery Preparing for an Insurance Journal Academy of Insurance bonding seminar, I studied the American Institute of Architect’s bond forms again. The first one I eyed...
People
Sep 5 2011 // Lee Stacey has been appointed president and chief executive officer of Britton-Gallagher & Associates Inc., one of Ohio’s largest privately owned insurance brokers. He assumes many of the current duties of Bruce...
Essentials: Be Careful What You Say When Issuing a Binder
Sep 5 2011 // Insurance binders are contracts of temporary insurance pending the issuance of a formal policy or proper rejection of the application by the insurer. The binder serves only as a temporary or interim policy until a formal...
Investors Placed Their Bets On Hurricane Irene
Aug 28 2011 // While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the...
Willis Acquires Polish Broker to Expand Employee Benefits, Construction
Aug 26 2011 // Willis Europe B.V., a division of Willis Group Holdings plc, has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) Sp. Zoo. Willis said the deal, effective immediately,...
XL Names 6 to North America Construction Team
Aug 17 2011 // XL Insurance has made six key appointments to its North America Construction team that it established a year ago. The latest additions to XL Insurance’s North America Construction team include: Lawrence Lejfer...
New York Hotel Sues Over Ground Zero Construction Noise
Aug 9 2011 // The din of rebuilding the World Trade Center is driving guests away from a prominent hotel overlooking ground zero, and the agency in charge hasn’t listened to requests to quell the noise, the hotel’s owner...
Florida to Investigate Role of Check Cashing Firms in Workers’ Compensation Fraud
Aug 4 2011 // Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid paying their fair share of workers’ compensation premiums. Florida Chief...
Travelers Builds Marine Construction Program for Contractors
Aug 1 2011 // Travelers has developed a new marine construction program for construction contractors working with both the marine and non-marine exposures in and around the water. The Travelers Marine Construction program can be...
Maryland Casino Construction Site Collapse Kills Worker
Aug 1 2011 // Anne Arundel County officials say one construction worker was killed and another was injured when a 30-foot wall collapsed at the site of a casino being built at Arundel Mills Mall. Rescue workers were called to the site...
Hawaii Restores Coverage for Construction Defect Claims
Aug 1 2011 // Hawaii Gov. Neil Abercrombie has signed legislation its supporters hope will restore coverage for construction defect claims under a commercial general liability (CGL) policy that was called into question by a 2010 court...
Idaho City Appeals Ruling over City Hall Construction Flaws
Jul 27 2011 // The city of Meridian has appealed a district court ruling that rejected its claims against a contractor hired to build a new $21 million city hall. In a statement Monday, the city said an appeal had been filed with the...
Rigger in Deadly New York Crane Collapse Stripped of License
Jul 22 2011 // A rigger who worked on a massive construction crane that collapsed and killed seven people in New York City has been stripped of his licenses after an administrative judge said his sloppy work was to blame for the...
Aon Appoints Head Broker for Construction, Power, Infrastructure in Singapore
Jul 20 2011 // Aon Risk Solutions, the global risk management business of Aon Corp., has appointed Nicki Tilney as head broker of construction, power and infrastructure for Aon’s Global Broking Center (GBC) in Singapore, one of...
People
Jul 18 2011 // Barbara Zito has been named senior vice president of Marketing at Founders Insurance Co. in Des Plaines, Ill. Founders is a member company of the Utica National Insurance Group of New Hartford, N.Y. Zito is responsible for...
Lexington to Insure Expenses, Delays from Archaeological Findings
Jul 14 2011 // Lexington Insurance Co., a Chartis company, has introduced LexArchaeology – first party coverage for expenses and construction completion delay resulting from the unexpected discovery at a construction site of...
Chartis Increases Construction Project Capacity to $250 Million
Jul 1 2011 // The Chartis insurers have doubled their capacity for construction projects from the Global Energy Property unit. With this increase in capacity, insureds will now be able to access up to $250 million of PML (probable...
