Contractors - Latest Insurance News

2006: Soft market offers up many new insurance products

Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...

2006 New Markets Report

Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...

Burns & Wilcox Promotes Lyon to Assistant Branch Manager in Sacramento

Dec 20 2006 // Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has promoted Ken Lyon to assistant branch manager in the company’s Sacramento,...

N.Y. Drywall Contractor Charged with Workers’ Compensation Fraud

Dec 15 2006 // A New York business owner faces charges of insurance fraud following his arrest by Manhattan District Attorney Robert Morgenthau’s office for allegedly defrauding the New York State Insurance Fund of more than...

Golden Insurance Offers General Liability Coverage for Builders, Contractors, Artisans

Dec 13 2006 // Golden Insurance Co. RRG has extended its primary commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million beginning in Jan. 2007. Coverage is offered on a claims-made...

Study Shows Using Casual Laborers Costs Homeowners in Long Run

Dec 12 2006 // Homeowners who hire unlicensed contractors believing that will save them money may be penny-wise and pound foolish, according to a survey by Seattle-based Pemco Insurance. In its survey, Pemco found of Washingtonians who...

OSHA Catches Fall River, Mass. Contractor with Unprotected Trench

Dec 5 2006 // A Fall River, Mass., contractor faces $25,950 in fines from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) after a spot inspection found two employees working in an unprotected...

OSHA Cites Ga. Contractors For Work Site Hazards at Trenches

Nov 22 2006 // A federal work safety agency accused contractors in north Georgia and metro Atlanta last week of allowing employees to work in unsafe conditions in deep trenches at their sites. The Occupational Safety and Health...

Contractors Professional Liability Grows, But Buyers Not Always Buying

Nov 21 2006 // The contractors professional liability insurance market is growing, but many contractors who have a professional exposure are not buying coverage, according to a new survey by Ames & Gough, based in Washington, D.C....

Builders & Tradesmen’s Offers Online Artisan Contractor GL Program

Nov 21 2006 // Builders & Tradesmen’s Insurance Service, Inc. has recently entered into an agreement with an “A” X rated carrier providing an exclusive national program for its online artisan contractor general...

Three More Charged in La. AG’s Crackdown on Contractor Fraud

Nov 9 2006 // Louisiana Attorney General Charles C. Foti, Jr., recently announced that three more individuals have been arrested on charges of theft related to contractor fraud. On Oct. 23, 2006, Richard Eric Williford was arrested by...

OSHA Proposes $112,000 in Fines for Tuscaloosa Contractor

Nov 2 2006 // The federal government has proposed $112,000 in fines for GILCO Contracting of Tuscaloosa, Ala., after an employee was seriously injured at the city’s Cottondale Sewer Project, labor officials said Monday. “A...

Judge Denies N.Y. City Immunity for Ground Zero Lawsuits

Oct 19 2006 // The city and its contractors are not immune from lawsuits brought by emergency workers sickened after toiling amid toxic dust at ground zero, a judge ruled, clearing the way for what he said should be the speedy resolution...

La. Court: ConocoPhillips Entitled to Defense Costs as Additional Insured

Oct 12 2006 // Judge Wilfred Carter of the Fourteenth Judicial District Court, Parish of Calcasieu, State of Louisiana, granted the motion for partial summary judgment of ConocoPhillips Company, successor-by-merger to Conoco Inc., that...

Surety Bond Groups Hail SBA’s Small Contractor Rule Changes

Oct 11 2006 // The Small Business Administration recently took what the surety bond industry believes is an important step to reinvigorate the government’s Surety Bond Guarantee Program. SBA is proposing rules intended to make...

Five Arrested for Theft Related to Contractor Fraud in La.

Oct 5 2006 // Louisiana Attorney General Charles C. Foti, Jr., announced that his Special Agents made arrests for theft of funds related to alleged contractor fraud in the New Orleans area following Hurricane Katrina. On Sept. 25, 2006,...

Travelers Launches Product for Millwright Contractors

Oct 5 2006 // Millwright contractors now have access to a single source for their insurance and risk management needs according to a written statement issued by Travelers Construction. The products available for millwright contractors...

Construction Industry and the Latino Workforce

Sep 25 2006 // In the next 10 years, the construction business will need to fill more than 180,000 jobs. As the rush to fill these positions advances, workers’ compensation professionals will be challenged along with the...

Risk retention group 2005 premium grows 11.5% to $2.4 billion

Sep 25 2006 // Despite the softening property/casualty market, commercial insureds who find liability insurance unavailable or unaffordable, as well as those who desire stability and control of their liability programs, continue to...

!Cuidado! Construction Industry and the Latino Workforce