Builders Risk News
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Builder’s Risk: Controlling Potential Risk
Oct 30 2023 // This post is part of a series sponsored by IAT Insurance Group. Property insurance offers protection for a building once it’s operational. A builder’s risk policy insures against physical loss or damage to a...
Illinois Court Ruling Allows Zurich to Proceed With Subrogation Action in $3 Million Builder’s Risk Claim
Oct 25 2023 // Zurich American Insurance Co. may pursue a subrogation lawsuit against a subcontractor that it says forced it to pay a nearly $3 million builder’s risk claim by designing a defective stormwater detention system...
3 Construction Innovations Changing Builders Risk Insurance Exposures
Oct 2 2023 // Construction is like insurance. The basics don’t change much, but when there are new developments, they can alter the trajectory of the industry. Building innovations — namely 3D construction, solar panels and...
Lessons Learned: Builders Risks Claims
Jun 19 2023 // Theft, fire and water damage are the top three claims for builders risk insurance. Here are examples of how they happen, and what insureds can do to mitigate the risks. Long gone are the days when claims were more about...
The Top 3 Questions Agents Ask about Builders Risk
Oct 27 2022 // Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers...
Technical Risk Underwriters Adds Wood Frame Builder’s Risk Capacity
Feb 3 2022 // Austin, Texas-based Technical Risk Underwriters, a Ryan Specialty Group managing general underwriter focused on construction, has secured $100 million of wood frame builder’s risk capacity, effective January 1,...
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