Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Building Commercial Construction Business in a Soft Market
Jun 16 2008 // Soft Market Emphasizes Need for Education, Communication It was the best of times, it was the worst of times.” Charles Dickens probably was not referring to the insurance industry’s soft market, when he wrote...
New York City Facing $497 Million in Claims from Crane Mishap
Jun 13 2008 // New York City has received more than $497 million of claims for personal injury, property damage and wrongful death due to a construction crane collapse on Manhattan’s East Side on March 15, the city comptroller said...
Mold: Underwriters Endorsing CGL to Remove Coverage
Jun 11 2008 // Contractors are the target of nearly 2,000 mold-related lawsuits annually according to a 2003 report from toxlaw.com. When accused or sued for injuries and damages resulting from mold, contractors look to their commercial...
Lloyd’s Analyzes Collapsing Cranes
Jun 11 2008 // Lloyd’s asks: “How safe are cranes? And will the recent spate of accidents involving them increase rates for policyholders?” A major indication of a booming construction industry is the number of cranes...
Marsh Acquires Construction Specialist Nielsen-Wurster Group
Jun 11 2008 // Marsh’s London office announced that it has acquired the assets of The Nielsen-Wurster Group’s Construction Claims & Dispute Resolution business. “As part of the transaction, more than 30...
Crane Industry Groups Push for National Standards
Jun 9 2008 // In the wake of three construction crane accidents in the past three months that claimed 11 lives, industry groups on Thursday called for nationwide safety standards. An industry council agreed on a set of standards in July...
Work to Resume at NYC Tower After Falling-Steel Mishap
Jun 6 2008 // New York City is letting interior construction resume at Goldman Sachs’ new headquarters, where a hunk of steel plunged 18 stories onto a ball field during Little League games last month. Although no one was hurt,...
Construction Worker Dies from Fall at Brooklyn Construction Site
Jun 4 2008 // New York police say a construction worker is dead after falling four stories off a scaffold in Brooklyn earlier this week. Fifty-year-old Houssain (HU’-Sain) Mosharrf (Mo-SHAR’-uf) fell at about 2:05 p.m....
After NYC Collapse, Experts Say Cranes Aren’t Tested Enough
Jun 2 2008 // The towering cranes that build America’s skyscrapers are often not properly inspected for wear, fatigue and other potentially dangerous structural problems, several construction safety experts said following a deadly...
Safety Summit Follows Deadly NYC Crane Collapse
Jun 2 2008 // New York City Buildings Department officials gathered for an emergency safety summit Saturday after the city’s second deadly crane collapse in recent weeks, while lawmakers warned of dangers in New York’s...
New York Crane Collapse Kills At Least 1
May 30 2008 // A construction crane in New York City fell and smashed into a neighboring apartment building during the morning rush hour, killing at least one person – the crane’s operator – and ripping apart much of...
CGL Extends Coverage for Injury Arising from Defective Construction
May 28 2008 // Property damage resulting from defective construction is unquestionably excluded in the commercial general liability policy; but what about bodily injury? And is injury or damage caused by the growth and proliferation of...
New York City to Hire More Buildings Inspectors
May 20 2008 // Under fire for a spate of construction accidents, the city will spend $5.3 million to hire 63 more safety inspectors, Mayor Michael Bloomberg announced Sunday. “The Buildings Department has a critical responsibility...
Quy Joins Lockton Construction Team
May 20 2008 // Lockton’s reinsurance division has appointed Michael Quy as Executive Director responsible for developing the global insurance broker’s specialist Engineering & Construction treaty reinsurance team. He...
$3M Ohio Mold Decision Kindles Coverage Questions
May 19 2008 // Insurance professionals took note recently when a Franklin County, Ohio judge awarded $3 million plus legal costs to a family whose central-Ohio home became overrun with toxic mold, presumably caused by the...
Steel Falls from Under-Construction NYC Tower into nearby Playground
May 19 2008 // New York City stopped construction on an office tower near ground zero Saturday after a chunk of steel fell 18 stories onto a ballfield where dozens of children were playing, the second accident at the site in five...
Construction Safety Reaches Crisis in New York City
May 19 2008 // A rash of accidents has killed 13 people in the last five months at construction sites across New York City, leaving builders and safety officials on edge as they look for ways to improve safety conditions for workers and...
Construction Accidents Prompt OSHA Review
May 19 2008 // A U.S. House of Representatives committee is planning a review of the Occupational Safety and Health Administration as a result of recent construction deaths in Las Vegas and other major cities. Rep. Lynn Woolsey,...
Marsh Appoints Stubbs to Construction Professional Indemnity Post
May 16 2008 // Marsh has announced the appointment of Martin Stubbs as a Senior Vice President for Construction Professional Indemnity (PI) within its Financial and Professional Services (FINPRO) Practice in London. He has over 20...
Fireman’s Fund Adds Green Coverage for Manufacturers
May 14 2008 // Fireman’s Fund’s made available a new green coverage endorsement for manufacturers that want to reduce water and energy use, and lower their overall carbon footprint. The company is offering insurance premium...
