Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Jansen & Hastings Provides Defense Costs Cover for Calif. Construction Companies
Oct 23 2007 // Responding to increasing pressure of U.S. immigration law enforcement on California’s construction companies, San Francisco-based Jansen & Hastings has launched ConstructINsure. The product provides cover...
Ironshore Launches Specialty Construction Division
Oct 22 2007 // Hamilton, Bermuda-based Ironshore Inc. announced the company has entered into the specialty construction sector with the launch of its IronBuilt division. IronBuilt, based near Boston, offers construction risks protection...
Fireman’s Fund Adds Green Amendments to Builders Risk Policy
Oct 18 2007 // Fireman’s Fund Insurance Co. announced the introduction of new green amendments to its builders risk insurance policy. New green buildings undergoing construction and existing buildings undergoing green renovations...
N.Y. City Restarts Site Inspections, Uncovers Safety Problems
Oct 10 2007 // The New York City Fire Department has uncovered more than 120 fire hazards and shut down construction sites at twice the normal rate since it restarted its inspections program less than two months ago. After a deadly blaze...
Memos Called for Safety Help at N.Y. Bank Tower Before Fatal Fire
Sep 28 2007 // In memos written months before a fire at a condemned ground zero skyscraper killed two firefighters, a former construction chief urged the state owners to add staff and funding to the project to ensure it was safe. The...
A policyholder bonanza: Texas Supreme Court decides Lamar Homes
Sep 24 2007 // The Supreme Court also disagreed with the district court’s common sense ruling that faulty workmanship that damages the property of a third party is a covered “occurrence,” whereas faulty workmanship that...
OSHA Fines 4 Construction Companies for Texas Worksite Death
Sep 24 2007 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) fined four construction companies $119,550 following an investigation into fatality at a Dallas, Texas, worksite. OSHA announced it...
Coronado Insurance Adds Admitted Construction Market
Sep 20 2007 // San Diego-based Coronado Insurance Wholesale Services has added a new admitted general liability market for contractors working in California, Colorado, Arizona, Nevada and Florida. Program features include ISO 12 04...
Contreras to Serve as VP of National Construction Insurance Services
Sep 11 2007 // Lindsay Contreras has been named vice president of Dallas-based National Construction Insurance Services, a member of Texans Insurance Group. NCIS is the MGA for the SIA Insurance Company RRG Ltd., a Bermuda-based risk...
Aon Construction Adds New Managing Director, National Property Solutions
Sep 10 2007 // Aon Construction Services Group, the construction risk management arm of Aon Corporation recently appointed Vincent Zegers as managing director, National Property Solutions. In his new position Zegers will be responsible...
XL Global Increases Construction Underwriting Capacity
Sep 5 2007 // XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd, has announced an increase of its underwriting capacity for construction projects, from $40 million to $100 million per project. John...
Staying afloat in complex construction insurance waters
Sep 3 2007 // With the tidal wave of legal cases involving construction defects bogging down county, state and federal courts, it has become imperative that insurers “cover their behinds” from every imaginable angle —...
Construction, Insurance Costs Eating Into Rental Repair Aid in La.
Aug 1 2007 // Rental housing programs for storm-damaged south Louisiana won’t rebuild as many rental units as state officials had hoped because of skyrocketing construction and insurance costs, a Louisiana Recovery Authority...
Sloan Mason Offers Admitted Market for California Construction Accounts
Jul 9 2007 // Sloan Mason announced it has new admitted market for California construction contractors performing commercial operations with limited residential work. Coverage is available from a “A+” XV rated carrier for...
Greater competition, higher prices challenge A&E market
Jul 2 2007 // For architects and engineers (A&E) the new mantra is: “They want it done better, cheaper, and faster,” according to Mark Henderson, architects and engineers product line manager for Chicago-based Shand...
Builder’s risk: difficult but manageable
Jul 2 2007 // New capacity enters the market, but terms and conditions not easy for many The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at...
Coverage interpretation and claims litigation at odds
Jul 2 2007 // But overall, construction market looks ‘optimistic,’ Willis exec says Today’s construction underwriters and their claim departments may not be following the same blueprint on issues of coverage...
Will new California construction codes lead to woes?
Jul 2 2007 // Historically, California has operated under the Uniform Building Code as modified by the state and adopted as the “California Building Code,” then adopted by local municipalities. Now, the International...
Greater competition, higher prices challenge A&E market
Jul 2 2007 // For architects and engineers (A&E) the new mantra is: “They want it done better, cheaper, and faster,” according to Mark Henderson, architects and engineers product line manager for Chicago-based Shand...
Project owners run for their own cover
Jul 2 2007 // Owners of construction projects increasingly have concerns separate from those of their contractors or design architects and engineers when it comes to liability insurance. Jacobus (Jaap) Vrolijk, vice president within...
