Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Marsh Launches Project Prof. Indemnity Insurance Facility for Construction Firms
Jun 29 2009 // Marsh’s London office announced the launch of “a new project professional indemnity (PI) insurance facility for major construction projects. Designed for projects with an estimated construction value in excess...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Construction on an Annual Policy
Jun 15 2009 // Coverage Triggers, Products/Completed Operations, and the Importance of Maintaining Continuity For many insurance professionals focusing on construction, any in-depth discussion of coverage triggers, prior-work exclusions...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Construction Projects at a Standstill
Jun 15 2009 // Risk Management Considerations to Help Protect and Preserve Properties on Hold In the current economic and credit crisis, construction entities — project owners, contractors, architects, engineers, material and equipment...
They Do THAT, Too!
Jun 15 2009 // Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C...
NBIS Develops Construction, Transport Insurance Program with Tower
Jun 9 2009 // Atlanta-based managing general underwriter NBIS, NationsBuilders Insurance Services, Inc., has launched a Heavy Construction and Transport Insurance Program in partnership with specialty insurer Tower Group Companies of...
Marsh Warns of ‘Perfect Storm’ in UK Construction PI Insurance Market
Jun 9 2009 // According to Marsh’s London Office, “the UK architectural, engineering and construction sector is facing a ‘perfect storm’ which could leave many firms facing increasing risks at a time when the...
Wilson Elser Expands in Las Vegas with Five New Partners
Jun 5 2009 // Wilson Elser Moskowitz Edelman & Dicker LLP has expanded its office in Las Vegas with new partners Michael M. Edwards, Jennifer Willis Arledge, David S. Kahn, Jorge A. Ramirez and Sheri Thome. The new partners will...
Parents of New Hampshire Victim Seek Improved Construction Safety
Jun 5 2009 // A year after a New Hampshire man was killed on an Interstate 495 construction job, his parents are campaigning for new rules to improve workplace safety. Robert Augeri of Londonderry died last June on his 31st birthday...
Home Defect Bill Divides Nevada Lawmakers
Jun 1 2009 // Members of the Nevada legislature are battling over a construction defect bill that has turned into one of the most contentious issues of the 2009 legislative session. Senators voted 19-1 in mid-April for SB349, which...
AIR Analyzes Powerful Honduran Quake; Report 6 Dead
May 29 2009 // According to catastrophe risk modeling firm AIR Worldwide, a powerful 7.1 magnitude earthquake struck off the coast of Honduras early Thursday morning. AIR said “the earthquake hit at 3:24 a.m. local time (08:24 UTC)...
Personality, Good Time Management Are Key to Claims Success
May 22 2009 // With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Home Defect Bill Divides Nevada Lawmakers
May 18 2009 // Nevada senators and sssembly members are battling over a construction defect bill that has turned into one of the most contentious issues of the 2009 Nevada Legislature, now in its final weeks. Senators voted 19-1 in...
Khawaja to Lead Marsh’s Offshore Energy Construction Team
May 18 2009 // Marsh announced the appointment of Nabil Khawaja to lead its Global Energy Practice’s London-based offshore construction team. He will report to Construction Leader, Paul Nicholson. Khawaja joins Marsh from Benfield...
Marsh Warns UK Construction Sector Failing to Fully Manage Project Risk
May 11 2009 // A report from Marsh’s London office warns that “the UK construction sector is failing to fully manage the risks associated with large and complex building projects, which can in turn lead to professional...
Nicolson Joins Aon Energy as Head of Upstream & Offshore Construction
May 8 2009 // Aon announced that it has agreed to appoint Euan Nicolson as Head of Upstream & Offshore Construction. He has over 27 years experience in the offshore energy insurance industry, and was most recently leader of...
Engineer Distances Himself From Storm Damage at Cowboys’ Facility
May 7 2009 // A structural engineer maintains he had limited involvement with the Dallas Cowboys’ training facility that collapsed during a thunderstorm on May 2 and left a team employee paralyzed. “I was there just a few...
