builders risk News

Constructing a Post-Pandemic Construction Market

The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and shutdowns in this COVID-19 world. Construction …

Underwriters Get Picky and Other Trends in Construction Insurance

Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their assessment of the market, the boom in the construction business has …

Everest Insurance Releases New Builders Risk Policy Forms

Everest Insurance has expanded their construction builders risk offering with the launch of a suite of new builders risk policy forms. These forms offer commercial builders risk coverage products targeting project specific builders risk, master builders risk, specified perils, and …

Liberty Mutual Launches New Builder’s Risk Product

Liberty Mutual has launched Premier Protector – Builder’s Risk for large contractors and property owners – and the brokers who serve them – that is designed to help eliminate uncertainties and inconsistencies in coverage. According to Daniel Feige, division underwriting …

Former Allianz Exec Mason to Lead New Generali Global Construction Practice

The U.S. branch of Generali Global Corporate & Commercial, a provider of multinational property, casualty, and specialty insurance and part of the global Generali Group, has launched a Global Construction Insurance practice focused on providing builder’s risk coverages. The company …

Schinnerer Expands Builders Risk Program

Victor O. Schinnerer & Company, an underwriting manager, has expanded its Builders Risk program to now include coverage for commercial construction and commercial and residential remodeling. Brokers can now quote and issue a builder risk policy using Schinnerer’s online broker …

Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction

Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structures during the course …

AAIS Releases New Builders’ Risk Coverage Form

A new builders’ risk coverage is now available for insuring civil or public works projects such as highways, levee systems, airports, and other facilities. The American Association of Insurance Services (AAIS) has released a new Civil Works Project coverage form …

The Hanover Enhances Builders Risk Coverage

The Hanover Insurance Group, Inc. has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide. Hanover Builders Risk forms can be used for a variety of …

Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products

Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective immediately. Ironshore’s builder’s risk property program provides risk transfer protection for U.S.-based …