Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
2006 construction forecast: sunny
Jan 1 2006 // Construction executives overall are more cautious than in the recent past two years but still generally optimistic about 2006. Builders in Arkansas, Louisiana, Oklahoma and Texas are the most optimistic while those in New...
By Don Neff
Jan 1 2006 // The construction-defect wave of the past decade has demonstrated that a comprehensive litigation risk management program must address a project’s needs at pre-construction, during construction and at...
Nevada Court Cancels Big Construction Defect Award
Dec 20 2005 // A multimillion-dollar construction defects award was erased Thursday by a unanimous Nevada Supreme Court decision that held the case had been improperly given class-action status by a lower court judge. The high court...
$32 MILLION TO CONSTRUCTION WORKER:
Dec 19 2005 // A Waterbury, Conn., jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
News Briefs
Dec 18 2005 // Alaska President Declares Alaska Major Disaster Following Fall Weather The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has reported that President George W. Bush has...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Conn. Jury Awards $32 Million to Injured Construction Worker
Dec 12 2005 // A Waterbury, Conn. jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
NAMIC Concerned about Oregon’s Single Construction Liability Insurer
Nov 23 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to...
Tracking Commercial Autos
Nov 21 2005 // Before you can finish saying “Beam me up, Scotty,” chances are a tiny transmitter is bouncing a signal off a satellite somewhere in space, indicating that your insured’s taxi is stowed in the hold of a...
Tracking
Nov 20 2005 // Autos Hi-Tech Gadgets Help Curb Losses Vendors of these types of high tech products strive to convince the insurance industry, and businesses that purchase commercial auto insurance for a wide variety of vehicles, that...
St. Paul Travelers Expands Appetite for Architects and Engineers Business
Nov 15 2005 // St. Paul Travelers has expanded its appetite for Architects and Engineers business to include a variety of construction and design consultants. Previously, only licensed or registered architects and engineers, landscape...
AIR Worldwide: Significant Quality Issues with Insurers’ Exposure Data
Nov 14 2005 // A recent analysis of insurers’ exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers’ commercial policy data is insufficient for a detailed and accurate...
Willis Group Leader Testifies Before Senate Subcommittee on Construction Risks in New Orleans Recovery
Nov 8 2005 // Paul Becker, North American Construction Practice Group leader for Willis, the global insurance broker, testified Tuesday at a hearing held by the Senate Subcommittee on Superfund and Waste Management on the construction...
Okla. Construction Bond Businesses Ordered to Shut Down
Oct 25 2005 // Oklahoma Insurance Commissioner Kim Holland announced she has ordered Dan Lyon to stop conducting unauthorized business involving insurance in Oklahoma. The order states Lyon provided a surety bond that may be illegal to...
Bliss and Glennon Adds New Residential Construction Market
Oct 25 2005 // Redondo Beach, Calif.-based Bliss & Glennon Inc. has announced that it has added a new market for New Start Residential Contractors in California. “We are very excited about this new facility. In addition to our...
Course of Construction Builders Risk Program
Oct 17 2005 // Nuts & Bolts: Builders and Tradesmen’s Insurance Services launched a national Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and...
Willis Builds Up N.Y. Construction Unit on Long Island
Oct 14 2005 // Willis Group Holdings, Ltd., continuing to strengthen its construction insurance practice has appointed two new people its Long Island, New York operations. Joining Willis from Select Contractors Coverage Corporation are...
Valuations: Educating Your Client on True Replacement Cost
Oct 3 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...
Survey: Competition, Capacity Characterize Surety Bond Market
Oct 3 2005 // Although today’s construction industry is coming out of a trench and contractors are intensifying competition by bidding low to get enough work to utilize available capacity, an increase in private sector...
Valuations: Educating Your Client on True Replacement Cost
Oct 3 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...
