Latest Contractors Headlines
All the headlines from our Contractors Topic Page, ordered by recency.
XL Catlin Launches Coverage for Marine Contractors
Jan 2 2018 // XL Catlin’s North America has launched a new product from its marine insurance business specifically designed for marine contractors in the U.S. The new XL Catlin’s marine contractor insurance includes...
New Jersey Contractor Hit with Fraud Charges Over Post-Sandy Work
Dec 28 2017 // A contractor who performed work on Superstorm Sandy-damaged homes pressured customers into signing contracts and then performed shoddy work it failed to correct, state prosecutors alleged Tuesday. State Attorney General...
Same Builders Win Deals to Replace Unsafe Grenfell Tower Type Cladding
Dec 18 2017 // Some building companies that installed dangerous cladding on social housing blocks across Britain are now winning new contracts following the Grenfell Tower blaze to remove their original work and install panels that can...
Westcap Insurance Services Ups Limits for Contractors Program, Expands into Arizona
Dec 15 2017 // Solvang, Calif.-based Westcap Insurance Services, LLC has expanded its admitted program for contractors to now include Arizona domiciled risks. Westcap also announced increased limits and other product enhancements to the...
Hub Acquires Assets of Maryland’s Contractor’s Services and Surety Services
Dec 5 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Contractor’s Services Inc. (CSI) and Surety Services LLC (SS). Terms of the acquisitions were not disclosed. Headquartered in...
Florida’s Hurricane Irma Recovery: The Cost, The Challenges, The Lessons
Nov 30 2017 // The hurricane season is officially over, but it didn’t go by without leaving a major mark on Florida and its insurance industry. Hurricane Irma, a name most in the state won’t soon forget, first hit the Florida...
Unlicensed Massachusetts Contractor Pleads Guilty to Dozens of Charges
Nov 28 2017 // An unlicensed home improvement contractor who left an elderly woman’s home in ruins has pleaded guilty. The Salem News reports that 49-year-old Jaime Ford’s guilty pleas Monday to 42 charges including larceny,...
BHSI Introduces Contractors Plant & Equipment Cover in Australia
Nov 22 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced a new Contractors Plant & Equipment (CP&E) policy for customers in Australia. “With this new policy, contractors can easily and...
How Surety Bonds Impact Contractor and Agent Relationships
Nov 20 2017 // Even though the surety industry is only a fraction of the total property/casualty marketplace, the importance of surety bonds to contractors and their impact on their relationship with insurance brokers is significant. A...
BHSI Creates Excess Integrated Follow Form for Contractors
Nov 6 2017 // Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple first- and third-party insurance policies, for contractors in the U.S. and...
Louisiana Ramps Up Effort to Stop Worker Misclassification
Nov 6 2017 // State and federal government entities that have been partnering since 2013 on a Louisiana task force targeting employers who misclassify workers plan to increase their efforts next year, according to the Louisiana...
Malaysia, Australia Investigate Massive Commercial, Governmental Data Breaches
Nov 2 2017 // Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal details of almost 50,000 employees. The Malaysian government is working...
Contractor Fraud Leaves Some Rebuilding Five Years After Sandy
Nov 1 2017 // After Superstorm Sandy flooded the first floor of his New Jersey home with 4 feet of water, Rich Bindell shelled out tens of thousands of dollars to a contractor he knew was approved by the state and had done other work in...
Louisiana Ramps Up Effort to Prevent Employers from Misclassifying Workers
Oct 27 2017 // Several state and federal government entities partnering on a Louisiana task force to target employers who misclassify workers plan increased activity in 2018, according to the Louisiana Workforce Commission (LWC). The...
Unlicensed Contractor Arrested by Florida Disaster Fraud Strike Team
Oct 24 2017 // An unlicensed contractor from Fort Myers, Fla., has been arrested after he was found to be conducting subpar roof repairs and operating without insurance in the wake of Hurricane Irma. Chief Financial Officer Jimmy...
Compensation for London’s Grenfell Fire Victims May Be Capped at $5M: Reuters
Oct 18 2017 // The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in...
Indiana Fines Kansas Contractor $24.5K After Worker Dies in Fall
Oct 16 2017 // A contractor was fined $24,500 for safety violations after a worker died from a fall at a Richmond, Ind., factory. The Richmond Palladium-Item reports 23-year-old Jacob Bugg died June 27 after falling about 40 feet at a...
Blue River Underwriters Launches Free Online Fire Sprinkler Contractor Safety Portal
Sep 25 2017 // Atlanta, GA, September 25, 2017 — The Blue River Underwriters’ Fire Sprinkler Elite program launched a free online safety portal to provide risk management resources for its fire sprinkler contractors’...
New Online Tool From Travelers Helps Contractors Spot Vibration Damage Potential
Sep 25 2017 // Travelers has introduced a new online tool, ZoneCheck, to help contractors identify areas surrounding a jobsite that could be affected by vibrations from heavy equipment – a common cause of construction-related damage...
Florida on Alert for AOB Abuse as Irma Recovery Begins
Sep 13 2017 // As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida...
