Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Allianz GR Lead Insurer for Orinoco Bridge
Jan 26 2004 // London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South...
Cranes/Construction Equipment
Jan 12 2004 // Nuts & Bolts: CEIS Ltd. (Construction Equipment Insurance Services) announced a new “in-house” underwriting and binding facility for cranes and related construction equipment. CEIS provides an all-risks...
IBHS Congress Hears of Impact from Disasters, Mold, Recent Hard Market
Dec 9 2003 // Disasters, both natural and man-made, as well as mold, construction defect and a recent hard market have impacted the U.S. economy and the insurance industry as a whole, according to a leading property/casualty...
Mullis Newby Hurst Adds Financial Advisor Services
Nov 24 2003 // Mullis Newby Hurst LP (www.mnhins.com), a Dallas-base provider of construction surety bonds, announced it has entered into an agreement with financial adviser Kirk G. Quaschnick, to provide services to its construction...
Fla. Advises Construction Industry: Apply for New Workers’ Comp Exemptions by Nov. 30
Nov 13 2003 // Florida’s Chief Financial Officer Tom Gallagher has urged current workers’ compensation exemption-holders in the construction industry to take the necessary steps to file for a new exemption by Nov. 30. All...
Cranes/Construction Equipment
Oct 20 2003 // Nuts & Bolts: CEIS, Ltd. (Construction Equipment Insurance Services) announced a new “in-house” underwriting and binding facility for cranes and related construction equipment. CEIS provides an all-risks...
Construction Industry Gains Online Safety Training Through ABD’s Cybersure University and ClickSafety
Oct 17 2003 // ClickSafety, a Web-based health and safety risk management provider, announced a strategic partnership with ABD Insurance & Financial Services, a provider of global risk management and employee benefits solutions, to...
Fla. Workers’ Comp Reforms Take Effect Oct. 1
Oct 1 2003 // Florida’s Chief Financial Officer Tom Gallagher announced that many reforms aimed at increasing the availability and affordability of workers’ compensation go into effect Oct. 1. Gallagher also noted that the...
Occupational Fatalities in Texas at an All-Time Low
Sep 22 2003 // In 2002 Texas recorded the lowest number of occupational fatalities since data collection began in 1990, according to the Texas Workers’ Compensation Commission. A total of 417 fatal occupational injuries occurred,...
ACE USA Creates New Construction Group
Sep 22 2003 // ACE USA announced the creation of the ACE USA Construction Group. This new construction underwriting unit will be staffed by a team of experienced construction professionals dedicated to addressing the unique insurance...
Willis Group Acquires St. Paul Agency
Sep 16 2003 // Brokerage giant Willis Group Holdings Ltd. announced the asset acquisition of River City Agency LLC, an agency located in St. Paul, Minn. River City is a specialized insurance broker dedicated to serving the needs of the...
Mullis Newby Hurst Promotes, Hires Account Execs.
Sep 10 2003 // Mullis Newby Hurst LP, one of the largest writers of construction surety bonds in Texas, announced two new senior account executives in its Dallas office: Jan Johnson and Benita Bradford. Both Johnson and Bradford will be...
How do you Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
How Do You Spell Relief’ Surplus Lines
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Cranes/Construction Equipment
Sep 8 2003 // Nuts & Bolts: CEIS Ltd. (Construction Equipment Insurance Services) announced a new in-house underwriting and binding facility for cranes and related construction equipment. CEIS provides an all-risks contractors...
First Floridian Offers Discounts for ‘Fortified’ Homes
Aug 22 2003 // First Floridian Auto and Home Insurance announced it has begun offering a homeowners insurance discount of up to 10 percent on new homes in the state built to “Fortified …for safer living” standards....
Chairty Golf Outings, Bringing People Together
Aug 4 2003 // Restoration contractors most often find themselves on the back end of a disaster—it is the essence of their job to clean, restore and help put the pieces back together after disaster strikes, whether from fire, wind or...
Construction Businessmen Indicted
Jul 21 2003 // Two former Alameda County construction businessmen, Jay Neal Wright, 50, and his son, Jay Neal Wright II, 29, both of Phoenix, were indicted by the Alameda County Grand Jury on multiple felony counts including...
New AIG Construction Specialty to Focus on Builder & Contractors
Jul 21 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty. AIG Construction Specialty...
Residential Construction
Jul 7 2003 // Nuts & Bolts: Lemac & Associates has added another new market looking to quote residential subcontractors on an occurrence form. The market requires 10 years loss runs to bind coverage, but if the loss experience...
