Construction News

Texas’ Paramount GA Launches Online Platform for Transportation Risks

Tyler, Texas-based Paramount General Agency, a licensed program administrator with a focus on the long-haul trucking industry, has launched an online platform offering a multi-line suite of insurance products for its broker and carrier clients. Paramount provides commercial auto liability, …

Construction Contractor Getting $184M in Colorado Settlement

The Denver International Airport has settled a dispute for more than $180 million with a contracting company that was fired before completing a terminal renovation project. The airport filed an agreement Friday in a bondholder disclosure system, detailing more than …

Large Crane Collapses at Los Angeles Stadium Site, No Injuries Reported

A large construction crane collapsed Friday morning outside SoFi Stadium, the new home of the NFL’s Los Angeles Chargers and Rams, according to the fire department. No injuries were reported. Firefighters were dispatched to the stadium in suburban Inglewood shortly …

California Leads Nation in Surplus Lines Premiums on 5th Year of Record Growth

Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line Association of California recorded $9.09 billion in …

Massive Fire Breaks Out at N. Zealand Convention Center Building Site

New Zealand’s flagship international convention center project faces further significant delays as a fire at the central Auckland construction site continues to burn more than 22 hours after breaking out. The fire, which began on Tuesday afternoon, had engulfed the …

Construction Crane Collapses on House, Apartment Building in New Jersey

Strong winds may be to blame for the collapse of a construction crane in New Jersey. The crane came down onto a house and an apartment building across from Rutgers University in New Brunswick on Sunday night. News 12 New …

Human Error May Have Caused Seattle Crane Collapse, Experts Say

Human error may have caused a crane collapse that killed four people and injured four others over the weekend, experts said Monday. Based on videos of the collapse, they said it appears workers who were disassembling the construction crane had …

The Lowdown: May is National Safety Stand-Down Month

What’s coming up for your construction clients? The 6th annual National Safety Stand-Down takes place May 6-10, 2019. First initiated by OSHA in 2014, the week encourages construction companies of all sizes to participate in ‘stand-downs’ – a specific time …

China Re Launches Renewable Energy Consortium for Offshore Wind Farms in China

China Re Corp. announced the launch of a renewable energy consortium at Lloyd’s, focused on project specific reinsurance for the construction and operation of offshore wind farms in mainland China. China Re’s Syndicate 2088 manages and co-leads the consortium along …

Supply and Demand and Other Essential Variables That Affect Rebuilding Costs

This post is part of a series sponsored by CoreLogic. Most people understand that the goal of a homeowner’s policy is to restore a home and possessions to the way they were should a catastrophic (CAT) event, such as a …