Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Insurers Oppose South Carolina Bill on Construction Defects
Feb 21 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
People
Feb 21 2011 // Rodney Smith Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market...
Mood on Main Street: Agents on Hardest Hit Small Businesses
Feb 17 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines...
People
Feb 10 2011 // Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice...
Two Workers Die After New York Construction Site Fall
Feb 10 2011 // Two ironworkers died Tuesday morning after they fell from a fifth floor through an open elevator shaft at a church construction site where they were installing steel, New York City authorities said. Brett McEnroe, 49, of...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 9 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
People
Feb 7 2011 // OneBeacon Technology Insurance appointed Mary Fisk-Bieker as vice president and central and eastern territories underwriting manager. She brings more than 25 years of insurance experience to OneBeacon, 23 years of which...
South Carolina Court: Insurer Not Liable for Poor Construction
Feb 7 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. The high court found that a builder’s...
Tennessee Construction Owners Must Register
Feb 7 2011 // A new Tennessee law is requiring all construction firm owners to register with the state if they choose to opt out of the state’s workers’ compensation system. The law is designed to protect general contractors...
Main Street’s Hardest Hit Businesses
Feb 7 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines...
Zurich Construction Targets Lifecycle of Public-Private Projects
Feb 1 2011 // Zurich North America’s Commercial’s Construction business unit is introducing an integrated project lifecycle solution for Public- Private Partnership (PPP) projects. Zurich’s PPP integrated solutions...
Utah Bill Targets Construction Companies That Skirt Workers’ Comp
Jan 31 2011 // Utah Senate Bill 35 is going after construction companies, requiring them to pay workers’ compensation and contribute to unemployment insurance and withholding taxes as long as their employees own less than 20...
Louisiana Gained 26,300 Non-Farm Jobs in 2010
Jan 27 2011 // Louisiana added 26,300 non-farm jobs in 2010 as it continued to plow through a slow economic recovery, state labor officials said. The state still had 42,200 fewer jobs last month, on a non-seasonally adjusted basis, than...
South Carolina Court Says Insurer Off the Hook for Shoddy Construction
Jan 24 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. In a recent ruling, the high court found that...
Ryan Specialty Intros New CAT/Construction Risk Facility in Texas
Jan 20 2011 // Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and...
Mastrolia To Lead Construction Risk Management at Marsh
Jan 20 2011 // Marsh has named Anthony Mastrolia leader of construction risk management within its U.S. construction practice. Mastrolia, who will be based in New Jersey, is a 35-year vertern of the insurance and risk management...
William Palumbo Insurance Agency Forms Construction Divison
Jan 18 2011 // William Palumbo Insurance Agency, Inc. has formed a new division called Palumbo Construction Risk. The new division will have expanded resources tailor made to the unique exposures and servicing needs of companies within...
Caution: Distressed Commercial Properties
Jan 14 2011 // The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts, urban mixed use or suburban office space, many of these...
Construction Supply Group Receives $179K Dividend from Texas Mutual
Jan 12 2011 // Texas Mutual Insurance Co. announced a $179,106 dividend to the Texas Construction Supply (TCS) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss ratio. Last...
Advice for Buyers of Distressed Construction Projects
Jan 10 2011 // Partially Built, Bank Owned, Financially Distressed Projects Pose Legal, Insurance Challenges The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are...
