Latest Builders Risk Headlines
All the headlines from our Builders Risk Topic Page, ordered by recency.
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,...
Ascot, Highland to Offer U.S. Builders Risk Program
Jun 4 2021 // Ascot as a partnered with Highland Insurance Solutions LLC, a subsidiary of WNC Insurance Services Inc. to provide a builders risk insurance program for projects in the U.S. The partnership will provide Highland with...
Highland Insurance Solutions Launches Admitted Builders Risk Coverage
May 11 2021 // Managing general agent Highland Insurance Solutions has launched a builders risk product available on admitted paper for construction owners, contractors, developers and homeowners. Available in 26 states, the coverage is...
Palomar Teams Up with Austin’s Technical Risk Underwriters on Builder’s Risk
Feb 18 2021 // Palomar Holdings Inc., a specialty property insurance headquartered in La Jolla, Calif., has forged an agreement with Technical Risk Underwriters (TRU), an Austin, Texas-based subsidiary of Ryan Specialty Group LLC (RSG),...
AXA XL Launches Builders Risk Coverages for Mass Timber Construction Projects
Feb 3 2021 // AXA XL’s North America Construction business has launched builders risk insurance programs to address mass timber project risks for construction clients. Mass timber building materials, which includes cross laminated...
US Assure to Issue Residential Builders Risk Policies Via New Online Application
Jun 18 2020 // US Assure, the program administrator for the Builders Risk Plan insured by Zurich, has launched XPressBIND, an online application that gives agents the ability to quickly issue residential builders risk policies. The...
SIS Wholesale Insurance Services Launches Online Builders Risk Program
Dec 1 2017 // Commercial lines insurance program administrator Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, has launched a new online builders risk program available in all 50 states and Washington...
Everest Insurance Releases New Builders Risk Policy Forms
Sep 6 2017 // Everest Insurance has expanded their construction builders risk offering with the launch of a suite of new builders risk policy forms. These forms offer commercial builders risk coverage products targeting project specific...
Liberty Mutual Launches New Builder’s Risk Product
Mar 28 2017 // Liberty Mutual has launched Premier Protector – Builder’s Risk for large contractors and property owners – and the brokers who serve them – that is designed to help eliminate uncertainties and inconsistencies...
Schinnerer Expands Builders Risk Program
Nov 1 2016 // Victor O. Schinnerer & Company, an underwriting manager, has expanded its Builders Risk program to now include coverage for commercial construction and commercial and residential remodeling. Brokers can now quote and...
Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction
Jan 19 2016 // Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of...
The Hanover Enhances Builders Risk Coverage
May 7 2015 // The Hanover Insurance Group, Inc. has enhanced its Hanover Builders Risk insurance coverage forms to offer more flexible, comprehensive coverages that better meet the needs of construction businesses nationwide. Hanover...
Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products
May 5 2015 // Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective...
USI Insurance Services Launches Builder’s Risk Program
Apr 9 2015 // USI Insurance Services has launched a new builder’s risk program that provides broader coverage for all project types and sizes, with capacity for frame and renovation projects, including catastrophic perils. This is...
How to Handle Market Transition in Builder’s Risk Insurance
Oct 6 2014 // Just as the construction industry’s multifamily sector grows post-recession – creating a spike in retailer brokers’ demand for builder’s risk insurance – massive fires at construction sites have...
