Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction — General Contractors and Artisans
Jan 2 2006 // Nuts & Bolts: Hull & Co., Stockton, Calif., has added another company to its array of contractors markets. The new market is Best’s rated “A,” IX and writes both general contractors and...
By Andrew G. Simpson
Jan 1 2006 // Agent Dave Sinclair remembers his first construction account well since it was only about six years ago. It was a plumber contract with a premium of about $70,000. Today Sinclair’s Wallingford, Conn.-based agency...
California residential construction efforts reduce risk of defect litigation
Jan 1 2006 // Builders and trade contractors vie to bring carriers back to the Golden State. During the past few years, builders and trade contractors in California have endured triple-digit rate increases and an exodus of insurance...
Effect of Navy shipbuilder payments on insurance questioned
Jan 1 2006 // A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance...
Lots of stability
Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...
Artisan contractors run for liability cover
Jan 1 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states. Artisans are...
6 Hurricane experts Max Mayfield, Bill Bailey
Jan 1 2006 // Full agenda slated for Feb. 8 to 11 windstorm conference 6 Ga. legislative meetings successful 30 legislators, 102 agents attend IIAG events 8 Tenn. bill would require sinkhole coverage Legislator suggests adding new...
2006 construction forecast: sunny
Jan 1 2006 // Construction executives overall are more cautious than in the recent past two years but still generally optimistic about 2006. Builders in Arkansas, Louisiana, Oklahoma and Texas are the most optimistic while those in New...
By Don Neff
Jan 1 2006 // The construction-defect wave of the past decade has demonstrated that a comprehensive litigation risk management program must address a project’s needs at pre-construction, during construction and at...
Nevada Court Cancels Big Construction Defect Award
Dec 20 2005 // A multimillion-dollar construction defects award was erased Thursday by a unanimous Nevada Supreme Court decision that held the case had been improperly given class-action status by a lower court judge. The high court...
$32 MILLION TO CONSTRUCTION WORKER:
Dec 19 2005 // A Waterbury, Conn., jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
News Briefs
Dec 18 2005 // Alaska President Declares Alaska Major Disaster Following Fall Weather The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has reported that President George W. Bush has...
News Briefs
Dec 18 2005 // Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual...
Conn. Jury Awards $32 Million to Injured Construction Worker
Dec 12 2005 // A Waterbury, Conn. jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a...
NAMIC Concerned about Oregon’s Single Construction Liability Insurer
Nov 23 2005 // The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to...
Tracking Commercial Autos
Nov 21 2005 // Before you can finish saying “Beam me up, Scotty,” chances are a tiny transmitter is bouncing a signal off a satellite somewhere in space, indicating that your insured’s taxi is stowed in the hold of a...
Tracking
Nov 20 2005 // Autos Hi-Tech Gadgets Help Curb Losses Vendors of these types of high tech products strive to convince the insurance industry, and businesses that purchase commercial auto insurance for a wide variety of vehicles, that...
St. Paul Travelers Expands Appetite for Architects and Engineers Business
Nov 15 2005 // St. Paul Travelers has expanded its appetite for Architects and Engineers business to include a variety of construction and design consultants. Previously, only licensed or registered architects and engineers, landscape...
AIR Worldwide: Significant Quality Issues with Insurers’ Exposure Data
Nov 14 2005 // A recent analysis of insurers’ exposure data by AIR Worldwide Corporation (AIR) determined that the quality and completeness of most insurers’ commercial policy data is insufficient for a detailed and accurate...
Willis Group Leader Testifies Before Senate Subcommittee on Construction Risks in New Orleans Recovery
Nov 8 2005 // Paul Becker, North American Construction Practice Group leader for Willis, the global insurance broker, testified Tuesday at a hearing held by the Senate Subcommittee on Superfund and Waste Management on the construction...
