Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Nevada Firm Predicts Dim Construction Prospects for Vegas
Nov 10 2009 // A Las Vegas research firm says the struggling economy should bring commercial construction to a virtual standstill around Las Vegas next year. However, some local insurance agents and brokers said they believe that...
Safety Engineers Help Colorado School
Nov 9 2009 // One day while visiting a construction site operated by a client’s vocational technical school, American Society of Safety Engineers’ (ASSE) Colorado Chapter member Mark Semonisck, CSP, assistant vice president...
Report: South Dakota Lost 1,400 Construction Jobs
Nov 2 2009 // A national trade organization estimates the number of lost construction jobs in South Dakota at 1,400 during a year in which a weak economy and tight credit slowed developers and builders. The 6 percent drop in South...
Rose and Warner Join Beazley’s Builders’ Risk Unit in Chicago
Nov 2 2009 // Beazley is expanding its U.S. property insurance business with the creation of a dedicated Builders’ Risk team to be located in Chicago, Ill. Colin Rose, a senior underwriter from the London Construction and...
It Figures
Nov 1 2009 // $12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG...
How to COPE with Apartment Risks
Nov 1 2009 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Louisiana Alone in Construction Jobs Gains
Oct 23 2009 // Louisiana was the only state in the country where more people were working in the construction industry last month than in September 2008. That’s according to a state-by state analysis by the Associated General...
Report: NYC Construction Down 20 Percent
Oct 22 2009 // A construction advocacy group says spending on building in New York City is expected to drop 20 percent in 2009. In a report released yesterday, the New York Building Congress said sharp declines in private sector building...
Worker Dies in Philadelphia after 125-Foot Fall
Oct 14 2009 // A tall construction lift toppled over and struck a downtown Philadelphia apartment building Monday, killing a construction worker who fell 125 feet. Investigators want to know whether James Wilson, 40, of Glassboro, N.J.,...
Prosecutors: Mobsters Worked as NYC Inspectors
Oct 5 2009 // Corruption in New York City’s construction industry ran so deep that mobsters worked as city building inspectors in recent years, prosecutors said Thursday. One reputed Lucchese crime family member used his city...
New York City Construction Accident Reports up, Deaths down
Oct 5 2009 // The number of reported construction accidents and injuries in New York City has increased – but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent year-to-date,...
Gulf Coast Construction Deemed ‘Woefully Inadequate’ for Storm Surge
Oct 5 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
4 Years Later, Texas Housing Agency Says Rita Aid Pace Picking Up
Sep 28 2009 // Hundreds of southeast Texans displaced by Hurricane Rita four years ago are still waiting for new federally funded homes to be built while a state agency tries to spend the housing construction money it has a little...
New York City Construction Accident Reports up, Deaths down
Sep 22 2009 // The number of reported construction accidents and injuries in New York City has increased — but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent through last...
The Coverage Conundrum in Chinese Drywall Claims
Sep 21 2009 // The Latest Mass Tort Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as...
Higgins Named President of Travelers Construction
Sep 18 2009 // The Travelers Cos. Inc. has appointed Scott Higgins as president of Travelers Construction. Higgins most recently served as chief underwriting officer for Travelers Middle Market business units. He joined Travelers in...
Gulf Coast Construction ‘Woefully Inadequate’ to Survive Storm Flooding
Sep 17 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
Building of Unique Disaster Research Facility in South Carolina Begins
Sep 16 2009 // The property/casualty insurance industry today officially broke ground for the building of a disaster safety research center in Chester County, South Carolina. The Institute for Business & Home Safety (IBHS) said its...
ISO Develops Green Building Insurance Endorsement for Commercial Properties
Sep 14 2009 // Insurance Services Office (ISO) has filed the property/casualty insurance industry’s first standard coverage option for commercial property owners interested in rebuilding damaged property with green...
Kentucky Courts Close Bonds Gap with Construction Firm
Aug 21 2009 // The Kentucky Administrative Office of the Courts has an agreement with Codell Construction Co. that will allow courthouse projects in four counties to begin. A review was ordered after it was found the Winchester-based...
