construction insurance News

Britain Proposes Reforms for Insuring Apartment Blocks After Deadly Grenfell Tower Fire

Britain’s financial watchdog has proposed reforming how apartment blocks are insured after the deaths of 72 people in the Grenfell Tower fire in London led to rocketing premiums on policies. The Financial Conduct Authority said on Wednesday that since the …

People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires

This edition of International People Moves details appointments at AXA XL and Aon. A summary of these new hires follows here. AXA XL Names Ensurance’s Burgess as Sr. U/W, Construction, UK & Lloyd’s AXA XL Insurance announced it has appointed …

UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments

Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct Authority is expected to push …

Iran Building Collapse Kills at Least 14 People

TEHRAN, Iran (AP) – Rescuers dug through debris Tuesday of a building collapse in southwestern Iran that killed at least 14 people, fearful that many more could still be trapped beneath the rubble as authorities arrested the city’s mayor in …

UK Homebuilders Commit More Than £2B to Fix Fire Safety Issues

Developers responsible for building half of the new homes in the UK have committed more than 2 billion pounds ($2.6 billion) to help fix safety issues. So far 35 developers have made commitments to fix issues on buildings that are …

Major British Housebuilders Pledge to Remove Flammable Cladding

Four major British housebuilders have signed a government-backed safety pledge to remove flammable roof coverings from buildings which came into focus after the deadly Grenfell Tower fire in London. The country’s second-largest and third-largest homebuilders, Persimmon and Taylor Wimpey, said …

Markets/Coverages: Bundler Branch Adds 6 States; Pathpoint, Bold Penguin E&S Partnership; Rokstone Owners’ Interest Policy

Auto, Home Insurance Bundler Branch Now Available in 25 States Branch, an insurance company that touts “instantly-bundled” home and auto insurance, announced its expansion to the six states of Idaho, Iowa, New Hampshire, South Dakota, Tennessee, and Virginia. These bring …

People Moves: Argo’s Betz Leads New Applied Surety Team; Hartford’s Cushing Joins Zurich Construction; Hub Names Frattarola HNW Leader; Cline Succeeds Berg at ACT

Betz to Lead New Applied Surety Operation Applied Underwriters continues its specialty lines expansion with the launching of Applied Surety Underwriters. Based in Houston, this new division will focus on large, commercial and contract surety business worldwide. Joshua Betz, the …

People Moves: IOA Names 6 Regional Execs; DeFelice Heads Aon’s U.S. Construction; Stephens Named Cyber Leader at Allianz

Insurance Office of America Names 6 Regional Executives Insurance Office of America (IOA) is pleased to announce the appointment of six regional presidents to its leadership team. The appointees to regional president include: Nathan Brainard – Central Florida Region Michael …

Vermont Governor Vetoes Registration, Insurance Requirement for Contractors

Gov. Phil Scott last week vetoed a bill that proposed creating a framework for registering construction contractors, saying it would hurt small businesses. The Republican said that while he supports protecting the interests of consumers, the legislation favors larger and …