Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Insurance Agents: Get Ready for Green Building Exposures
Mar 30 2010 // An idyllic, pasture-like setting is not the only green image agribusiness owners would like the public to imagine when they picture their operations — they increasingly want to be known for their “green”...
OneBeacon Introduces Combination Policy for Contractors
Mar 30 2010 // OneBeacon has combined property, equipment breakdown, crime, contractors equipment, builders risk and installation in one policy for the construction industry. The Construction @vantage policy includes 25 new or enhanced...
Travelers Construction Develops Product for Tile Contractors
Mar 29 2010 // Travelers Construction Insurance has developed a new IndustryEdge product for tile contractors to help manage the need for additional insurance coverage and related services. The new IndustryEdge products include insurance...
8 New Markets in Response to Current Trends
Mar 22 2010 // Insurance Companies Generate New Programs to Bring in Additional Premium The last few years of the soft market have forced many carriers and agencies to get creative when it comes to bringing in additional premium. This...
Businesses Going Green
Mar 22 2010 // Green Building Features Left Exposed Under Traditional Commercial Property Policies With the U.S. Green Building Council forecasting growth in the green building market to double between now and 2013, agents and brokers...
Green Is Good, Right?
Mar 22 2010 // Insurers Monitoring Defects, Claims Tied to Green Building Products and Designs From wind turbines and fuel cells to vegetative roofs and bamboo surfaces, innovative green construction materials are showing up everywhere....
Zurich North America Commercial Names Rasor to Lead Construction Unit
Mar 11 2010 // Property and casualty insurance provider Zurich named Scott Rasor as head of Zurich North America Commercial’s Construction group. Rasor previously served as senior vice president for Construction, specializing in...
Holt Joins Higginbotham & Associates
Mar 11 2010 // Parker Holt has joined the Austin, Texas, office of independent insurance and financial services brokerage firm Higginbotham & Associates as vice president. He is a property/casualty insurance broker and risk...
IRS, States Target Employer Abuse of Classification of Independent Contractors
Mar 7 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, the Associated Press has...
IRS, States Target Employer Abuse of Classification of Independent Contractors
Mar 7 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has...
AIR Updates Analysis of Damages from Chile Earthquake
Mar 4 2010 // According to catastrophe risk modeling firm AIR Worldwide, a more complete picture of damages is beginning to emerge in the hardest-hit regions of Bio Bio and Maule, four days after the devastating Mw8.8 earthquake struck...
Calif. Construction Company Sued for Misclassifying, Underpaying Workers
Mar 3 2010 // California Attorney General Edmund G. Brown Jr. has filed a lawsuit against Livermore-based Country Builders Inc. after he said the company “cheated workers out of wages,” falsified the company’s payroll...
Architect Not Liable for Economic Loss in Construction Defect Case
Feb 25 2010 // A property owner cannot sue an architectural firm for economic losses because of negligent design in a construction defect case, the Arizona Supreme Court has ruled. Issuing its decision in Flagstaff Affordable Housing...
Louisiana: Tax, Premium Advantages Available for Retrofitting Structures
Feb 24 2010 // Louisiana residents can apply for a state tax deduction for retrofitting their homes, as well as an insurance premium discount for building or retrofitting your home to comply with the Louisiana State Uniform Construction...
Lexington Releases SIR Policy for the Construction Industry
Feb 22 2010 // Lexington Insurance Co., a Chartis company, introduces Lex FollowUP, a policy designed for the construction industry to assume the legacy financial risk associated with general liability self-insured retentions (SIR). Lex...
Travelers Construction Insurance Offers Wrap+ Fidelity and Crime
Feb 18 2010 // Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction...
IRS, States Target Employers’ Use of Independent Contractors
Feb 16 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has...
Gas Cylinders Being Removed after Deadly Explosion in Connecticut
Feb 11 2010 // Crews were slowly and carefully removing gas cylinders from the site of a deadly explosion at an under-construction power plant in Connecticut, and investigators have interviewed survivors in an effort to determine the...
People
Feb 7 2010 // Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global...
It Figures
Jan 24 2010 // $1 Million Amount raised last year by InsurPac, the political action committee of The Independent Insurance Agents & Brokers of America (the Big “I”). It’s the first time the fund – which pays...
