Latest Contractors Headlines
All the headlines from our Contractors Topic Page, ordered by recency.
Texas High Court Sides with Lloyd’s in Contractual Liability Exclusion Case
Jun 7 2010 // The Texas Supreme Court has found in favor of an excess insurance provider in a case involving the contractual liability exclusion in a Commercial General Liability (CGL) policy. In 1993, Dallas Area Rapid Transit...
Iowa Insurance Division to Contractors: Stop Acting as Public Adjusters
Jun 7 2010 // The Iowa Insurance Division (IID) has issued summary cease and desist orders against two contractors, directing them to stop acting as public adjusters. The division alleges the firms have been soliciting storm repair...
BP CEO: Industry Needs to Reassess Deep-Sea Operations, Safety
Jun 4 2010 // Oil companies need to improve safety technology for deep-water drilling and the massive spill in the Gulf of Mexico should prompt the industry to rethink its business model for such operations, BP chief Tony Hayward said...
Florida Case Could Hold Private Firms, Insurers Liable for Foster Kids’ Injuries
May 26 2010 // A few months after a 10-year-old child was placed with eight other children in a Tampa foster home overseen by a single mom, a 13-year-old boy sneaked into his room and raped him in 2005. But Hillsborough Kids Inc., a...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 17 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other...
2010 A Revolutionary Year for Truckers Insurance
May 12 2010 // The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle...
Insurance Industry Reacts to Gulf Coast Oil Spill
May 11 2010 // The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started as are the insurance implications of this disastrous event, according to underwriters and other...
Conservator Appointed to Manage Contractor’s Access Program of Calif.
May 4 2010 // California’s Department of Industrial Relations (DIR) has appointed Bickmore Risk Services and Consulting as conservator for the Contractor’s Access Program of California (CAP), which is a self-insured group...
Indiana Supreme Court Sides With Insureds in Farm Liability Dispute
May 4 2010 // The Indiana Supreme Court has found that an insurance company was wrong in denying coverage for injuries to an employee of an independent contractor under a farm personal liability policy. Indiana farmers Rick and Katrina...
California Contractors Self-Insured Group Closes
Apr 30 2010 // The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the group. According to OSIP spokeswoman...
Colorado Bill May Drive Contractors Insurers Out of State
Apr 28 2010 // The Colorado House of Representatives has passed a bill that may have the unintended consequence of driving insurers that provide contractors coverage out of state, according to the Professional Independent Insurance...
Kentucky Contractors Self Insure Fund Pays $8.6 Million Dividend
Apr 20 2010 // The Kentucky Associated General Contractors Self Insurers Fund recently returned $8.6 million in dividends to its qualifying members. This dividend return marked the 16th consecutive year in which the Kentucky AGC/SIF has...
Victor O. Schinnerer Acquires HSBC Insurance’s Energy Brokerage
Apr 1 2010 // Victor O. Schinnerer & Company, Inc. has acquired HSBC Insurance Services (USA) Inc., the energy insurance brokerage of HSBC Insurance. Effective April 1, 2010, the acquisition adds energy companies, utility companies...
Alexander J. Wayne Releases Artisan Contract Protection Product
Mar 30 2010 // Alexander J. Wayne and Associates is offering a product especially for artisan contractors and suppliers called Construction Contract Protection (CCP). The new product offers financial protection for payments on work...
OneBeacon Introduces Combination Policy for Contractors
Mar 30 2010 // OneBeacon has combined property, equipment breakdown, crime, contractors equipment, builders risk and installation in one policy for the construction industry. The Construction @vantage policy includes 25 new or enhanced...
Travelers Construction Develops Product for Tile Contractors
Mar 29 2010 // Travelers Construction Insurance has developed a new IndustryEdge product for tile contractors to help manage the need for additional insurance coverage and related services. The new IndustryEdge products include insurance...
Markel, Towing Contractors Renew Insurance Partnership
Mar 11 2010 // Markel has renewed its partnership with the Independent Garage & Towing Contractors, Inc. (IGTC) to administer a tailored insurance program for tow truck companies and to work with local agents to arrange an insurance...
A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States
Mar 10 2010 // National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made...
IRS, States Target Employer Abuse of Classification of Independent Contractors
Mar 8 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has...
California Proposal To Withhold Independent Contractor Fees on Hold
Mar 8 2010 // In February, California legislators considered a proposal that would have mandated a 3 percent withholding of fees paid to independent contractors. But the proposal has since been placed on hold, much to the delight of...
