Mosaic Expands Cyber Team in UK Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of new team members to its UK-based unit. The specialty insurer began underwriting global cyber coverage from Chicago April 1, just …
Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International Underwriting Association (IUA) stated they would provide a …
It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction industry continues to face labor shortages, rising costs, supply chain woes and lingering effects of the …
MEXICO CITY – Preliminary findings of an independent investigation into the deadly collapse of a Mexico City metro rail line last month showed the accident was caused by a structural fault, a senior city official said on Wednesday. Jesus Esteva, …
This wrap-up of international People Moves details appointments at broker Gallagher Re, Aspen Insurance Holdings’ mortgage team and Marsh’s UK & Ireland construction industry team. A summary of these new hires follows here. Gallagher announced that Tom Wakefield will become …
MEXICO CITY – Mexican billionaire Carlos Slim’s construction arm Grupo Carso faces scrutiny from accident investigators for the possible role it played in the building of a metro railway line that collapsed this month, killing 26 people. While no officials …
Skyrocketing lumber prices threaten to thwart the momentum of the U.S. housing market, which for months has been one of the brightest stars of the recovery from the pandemic recession. At the onset of the health crisis, “the mills stopped …
Construction business owners experienced declines in their revenues, project completions, new bids and workforce, as the pandemic took hold in 2020. In fact, 7-in-10 construction business owners were negatively affected by COVID-19, according to research from insurer Nationwide. The New …
America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil Engineers reports. Its overall grade: a mediocre C-. In its …
Construction insurance specialists at Lloyd’s of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a period of dealing with requests to step in on U.S. construction …
