Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Tough Products, Construction
Jun 10 2002 // Nuts & Bolts: CRC of Atlanta is offering a program for tough products, construction, OL&T $100,000 minimum. Brokerage business. Dollars: Policy limits of 1/2/2; $5,000 minimum deductibles; $75,000 minimum...
SIO Inducts New Members into the Tiger Trust
Jun 5 2002 // The Surety Information Office (SIO) inducted John D. Schramm, Michelle V. Orlando, Lawrence F. McMahon and Martin R. Brady, Jr. into the Tiger Trust, an honorary society of surety industry professionals who persuade...
Ariz. Enacts Law to Lessen Construction Defect Lawsuits
May 31 2002 // Arizona’s governor signed a bill recently that will establish an alternative dispute resolution procedure for certain construction defect claims, providing a modicum of relief to a beleaguered construction industry,...
AIA Says Colo. Bill Provides Relief from Construction Defect Lawsuits
Apr 22 2002 // A bill making its way through the Colorado House would limit the damages available for civil actions arising out of construction defects and should be enacted as quickly as possible, according to the Alliance of American...
NAII Says Insurers, Builders and Manufacturers Need Cooperation to Halt Construction Defect Problems
Apr 9 2002 // Builders, subcontractors, manufacturers and insurers need to work together to minimize the threat of construction defect exposures by promoting high-quality products and proven risk management techniques according to the...
Woodland, Calif. Homeowners to Purchase Flood Coverage
Apr 9 2002 // Woodland, Calif. homeowners are likely to soon receive letters from their mortgage letters requiring them to purchase homeowners insurance, according to the Sacramento Bee. The Federal Emergency Management Agency (FEMA)...
Assurex Global Adds Latin American, African, North American Partners
Apr 8 2002 // Ohio-based Assurex Global, a privately held risk management and commercial insurance brokerage group, has expanded its worldwide presence with the addition of international broker partners in Lima, Peru and Tunis, Tunisia,...
Wash. Gov. Signs Credit-Based Scoring Bill and Construction Defect Legislation
Apr 8 2002 // Gov. Gary Locke has signed House Bill 2544 restricting insurers’ use of credit-based insurance scores. Earlier in the week, he signed Senate Bill 6409, providing an opportunity for corrective action to be taken...
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
AAI Urges Wash. Gov. to Sign Construction
Mar 26 2002 // The Alliance of American Insurers is urging Washington Gov. Gary Locke (D) to sign SB 6409, which the organization believes will help reduce the rising costs of litigation faced by the state’s construction...
American International Companies Unveils Program for Construction, Power Facilities
Mar 26 2002 // American International Group, Inc. (AIG) announced that the American International Companies has introduced AIG PowerBuild(SM), which provides a comprehensive package of insurance products and services designed for the...
Contractors/ Construction Trades & Service
Mar 25 2002 // Nuts & Bolts: M.E. James Surplus Lines Insurance Brokerage is making available a contractors program for construction trades and service. Endorsements – damage to your work, pollution extension. Dollars: Policy...
Silverstein Plans Construction Start on 7 WTC Building
Feb 26 2002 // Despite calls for more overall planning of the WTC site, Larry Silverstein is pushing ahead with plans to start construction to rebuild No.7 World Trade Center, which collapsed several hours after the twin towers on Sept....
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Lamendola Appointed Executive Vice President of the St. Paul Cos.
Oct 23 2001 // Jay Fishman, chairman and CEO of The St. Paul Companies announced that Robert J. Lamendola was promoted to executive vice president. Lamendola will continue to serve as president of The St. Paul’s Global Surety and...
The St. Paul/LoJack Now Covering Automotive/Inland Marine & Construction
Oct 2 2001 // LoJack Corporation, producers of a widely used stolen vehicle recovery technology utilized by law enforcement and security organizations, and The St. Paul Companies, a commercial property-liability insurance company, are...
ST. PAUL FORMS NEW GROUP
Sep 30 2001 // The St. Paul Companies announced the formation of the Global Surety and Construction Group. According to the group’s newly appointed President Robert J. Lamendola, the formation of the Global Surety and Construction...
Wash. Supreme Court Upholds Time Limit on Construction Defect Lawsuits
Sep 10 2001 // The American Insurance Association (AIA) reported that insurers and builders are applauding a unanimous decision by the Washington Supreme Court to reaffirm the statute of repose barring construction defect lawsuits six...
Construction Defect, Mold Issues Considered During Last Days of Calif. Session
Sep 10 2001 // The last day of the 2001 California legislative session, Sept. 14, is rapidly drawing near. Among the remaining bills whose fate hangs in the balance are two which, if passed, would have varying degrees of impact on...
ST. PAUL FORMS NEW GROUP
Sep 3 2001 // The St. Paul Companies announced the formation of the Global Surety and Construction Group. According to the group’s newly appointed President Robert J. Lamendola, the formation of the Global Surety and Construction...
