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Construction Challenges from a Surety Lens – What’s Brewing Podcast (Episode 2)

Jul 9 2024 // This post is part of a series sponsored by IAT Insurance Group. This episode covers continuing and emerging challenges contractors face in construction and how to safeguard projects amidst volatility. This episode features...

Jury Awards $68.5M to Family of Worker Who Fell to Death at Philly Construction Site

Jul 3 2024 // A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who was killed in 2021 in a fall from a fifth-floor balcony at a luxury townhouse site. Siarhei...

Florida Law Means Time Is of the Essence on Construction-Defect Subro Actions

Jul 1 2024 // Florida Senate Bill 360 became law on April 13, 2023. It significantly reduced the time Florida’s statute of repose and statute of limitations give plaintiffs – including subrogating insurers – to bring civil...

Federal Judge Blocks Biden Wage Rule for Construction Projects

Jun 25 2024 // A federal judge on Monday temporarily blocked a Biden administration rule expanding the cases in which construction contractors are required to pay workers prevailing wages that apply to $200 billion of federally funded...

Familiar Concern: Construction’s Labor Woes

Jun 17 2024 // While the rise in new business activity in the construction space is exciting for insurers, the decades-long dilemma over a shortage of qualified talent does worry underwriters. Darren Tasker, North American head of energy...

Insurance Keeping Up With Construction Demand: Construction Activity ‘Phenomenal’ Despite Labor Shortage

Jun 17 2024 // While the labor market continues to come up short for the construction industry, the insurance market is doing its job supplying the coverages the industry needs to keep up with the significant demand for new...

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