Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
U.S. Home Construction Jumps 15.7% in July
Aug 27 2014 // U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a...
Coast Guard, N.J. National Guard Still Recovering From Sandy
Aug 18 2014 // Two years after Hurricane Sandy pounded the New Jersey coast, the USCGC Sailfish has yet to return home. The gleaming white 87-foot patrol boat, now temporarily based out of Bayonne, New Jersey, still cannot go back to its...
Focusing on Disaster Costs Before Rather Than After They Happen
Aug 6 2014 // The United States spends a lot of money responding to natural disasters but comparatively little trying to limit the costs of disasters before they happen. As the costs to the government and the insurance industry mount,...
Baton Rouge-Area Among Top Gainers for New Construction Jobs
Aug 1 2014 // Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on...
Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Willis Appoints Chapman Middle East Regional Construction Industry Leader
Jul 11 2014 // Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary...
Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis
Jul 8 2014 // According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a...
Disaster Mitigation: How Incentives Can Help
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Port Authority Approves Financing Deal to Finish 3 World Trade Center Tower
Jun 26 2014 // The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein’s 3 World Trade Center that allows him to use $159 million of insurance proceeds to expedite construction. The...
University of Alabama Researchers Show Small Changes Can Make Big Difference During Tornadoes
Jun 16 2014 // Surviving a tornado in a wood-frame residential home is enhanced by an intact roof and standing walls, but light-weight garage doors can be the weak link to allowing high winds and pressure changes into a home that can...
Construction Renovation: Property Flips and Insurance
Jun 16 2014 // The number of U.S. single family home sales attributed to flipping is on the decline but that isn’t deterring investors. Despite the percentage of flipped homes shrinking to 3.7 percent of the total homes sold, the...
Berkshire Hathaway Specialty Jumps Into Surety with Zurich’s Delisio
Jun 12 2014 // Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of...
U.S. Risk Pros Launches an Enhanced Professional Liability Program for Architects and Engineers, Construction Managers, and Design/Build Contractors
Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...
Tennessee Targets Workers’ Comp Fraud in Construction Industry
Jun 6 2014 // The Tennessee Department of Labor has been expanding efforts to uncover employer fraud within the construction industry. The efforts, aided by recent legislation, will help identify employers who are paying workers under...
Robinett Joins Aon Risk Solutions in Dallas
May 28 2014 // Aon Risk Solutions, the global risk management business of Aonplc, has added Lori Robinett to its Dallas office as senior vice president and brokerage practice leader for the construction services group. Robinett will...
Minnesota Construction Industry Booms, Workers Needed
May 20 2014 // With the recession over, Minnesota construction companies are scrambling to fill open jobs. The state’s construction industry shed tens of thousands of jobs during the housing crash, but it’s booming again....
Construction Underway in Vermont to Replace Irene-Damaged State Offices
May 8 2014 // Vermont Gov. Peter Shumlin helped construction crews pour one of the first concrete footings Tuesday in what will become the new state office complex, replacing a series of buildings that became unusable after flooding...
Windsor Joins Aspen US Energy and Construction Team
May 6 2014 // Gary Windsor has joined Aspen US Insurance as senior vice president of Energy and Construction. Reporting to Tony Carroll, executive vice president, Marine, Energy, and Construction, Windsor will be based in Miami and be...
Müller to Head New Allied World Europe Onshore Construction Unit
May 2 2014 // Allied World Europe has launched an Onshore Construction insurance line of business and appointed Alf Müller as senior vice president to lead the team. He will be responsible for building the line of business and...
Construction Is Riskiest Job in Kentucky
Apr 30 2014 // Construction workers have the deadliest job in the state, according to the Kentucky Labor Cabinet. The cabinet said that since 2011, the construction industry had 21 deaths, followed by landscaping/tree services workers...
