Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam December 13, 2021 By Luis Jaime Acosta Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de...
Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook December 2, 2021 The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry...
Death Toll Rises to 23 From Collapse of High-Rise Building in Nigeria November 5, 2021 By Chinedu Asadu LAGOS, Nigeria (AP) – The death toll from the collapse of a high-rise apartment building under construction in Nigeria’s most...
Lagos Building Collapse Kills at Least 10; Scores Reported Missing November 2, 2021 By Nneka Chile and Seun Sanni LAGOS – Rescuers on Tuesday dug through rubble searching for survivors a day after a luxurious high-rise building collapsed while...
Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso October 27, 2021 MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh October 1, 2021 By L.S. Howard Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face...
Construction Fintech Built Nabs $1.5B Valuation; Growth Plans Include Insurance September 30, 2021 By Gillian Tan Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million...
People Moves: Mosaic Builds Out International Cyber Team; Howden Appoints 19 for Construction Division Across EMEA September 28, 2021 Mosaic Expands Cyber Team in UK Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey September 20, 2021 Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high...
Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market June 21, 2021 By Andrea Wells It is not the best of times for the construction industry and its insurers. But neither is it the worst...