Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction Defect Insurance Claims
Feb 21 2022 // Construction defect claims and cases are scenarios wherein physical loss or damage is claimed to be related to defective building elements that will require repair or replacement. Typical defect claims and cases will...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I
Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...
People Moves: Muñiz Named GC&C’s Head of Construction & Green Energy; Gallagher Re Hires Hiscox’s Kim for Cyber; Chubb Promotes Kropp to Global Head of Operations/Tech
Jan 21 2022 // This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Chubb. A summary of these new hires follows here. Muñiz Named GC&C’s...
People Moves: Zurich North America Changes Leadership in Captives, Crop, Construction, Customer Office
Jan 18 2022 // Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following...
Climate Change, New Construction Mean More Destructive Wildfires in West
Jan 3 2022 // The winter grassland fire that blew up along Colorado’s Front Range was rare, experts say, but similar events will be more common in the coming years as climate change warms the planet – sucking the moisture out of...
Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
Dec 20 2021 // The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be...
Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam
Dec 13 2021 // Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The...
WTW Hires AIG’s Dasan for Construction, Natural Resources; Bogardus Named Chubb’s President for Singapore; AXA XL’s Muzeya Joins Mosaic as Financial Institutions U/W
Dec 8 2021 // This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance. A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural...
Florida Man and Three Others Sentenced for Millions in Fake Construction Bonds
Dec 3 2021 // A federal judge in Miami sentenced four men to at least two years in prison each for a scheme that sold worthless construction bonds for major building projects in 2015. Working under the name of Hampton Investment Fund,...
Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
Dec 2 2021 // The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be...
Applied Specialty Underwriters Launches New Infrastructure, Construction Practice
Nov 30 2021 // Applied Specialty Underwriters has launched a new infrastructure and construction practice and named Christopher Day as president. Additionally, John Schlosser has been named to lead the infrastructure underwriting...
Adjacent Condo Construction Triggered Surfside Collapse, Lawsuit Charges
Nov 17 2021 // A Miami lawsuit charges that a luxury condominium tower built just a few feet away from Champlain Towers South caused structural damage to the already ailing building in Surfside, leading to the collapse that killed 98...
BKS Partners Enters Agreement to Acquire Construction Risk Partners
Nov 17 2021 // Baldwin Krystyn Sherman Partners LLC (BKS Partners) entered into an agreement to acquire all the outstanding equity interests of Construction Risk Partners LLC (CRP). The transaction is expected to close on or around...
Massachusetts Construction Company Owner Pleads Guilty to Tax, Workers’ Comp Fraud
Nov 4 2021 // The owner of a now-defunct Peabody, Massachusetts, construction company pleaded guilty in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers’ compensation insurance carrier by...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh
Oct 18 2021 // By L.S. Howard Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry — but will drive new opportunities, according to a...
Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K
Oct 15 2021 // For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use...
New Jersey Construction Worker Hurt in Three-Story Fall Down Elevator Shaft
Oct 13 2021 // A construction worker was critically injured in a three-story fall down an elevator shaft at a New Jersey construction site, authorities said. Chief Michael Foligno of the Elmwood Park, New Jersey, police department said...
The Cable Guy Is Not a Construction Worker, Florida Court Says
Oct 8 2021 // The Florida Supreme Court on Thursday handed down no insurance-related opinions in its regular weekly posting and did not report a long-awaited decision on an insurance defense attorney charged with coaching a witness...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh
Oct 1 2021 // Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by...
