Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Inconsistency Is the Norm in Construction Liability Coverage
Oct 17 2011 // In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The answer is all over the map, according to Finley Harckham, a veteran insurance...
New MGA Targeting U.S. Homebuilders Formed in California
Oct 17 2011 // Two veterans in the London insurance marketplace have come together again to launch an underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs Insurance...
Florida Weighs Workers’ Comp Hike, Cost of Doctor-Dispensed Drugs
Oct 13 2011 // Florida employers could have to pay more in workers’ compensation premiums if regulators go along with a proposed statewide average 8.9 percent rate hike. The rate change may also trigger legislative action to clamp...
Jansen and Hastings Launch Cove MGA
Oct 6 2011 // Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs, a newly...
Construction Workers Settle in Collapse of Georgia Walkway
Oct 6 2011 // An attorney for workers who sued over the collapse of an elevated walkway under construction in the treetops at the Atlanta Botanical Garden said settlements totaling more than $15 million have been reached in the case. A...
Lockton Hires New Producer for D.C. Brokerage Team
Oct 4 2011 // Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, hired Jenna Kirkpatrick Howard for its Washington, D.C., brokerage team as a producer. Prior to joining Lockton, she was construction practice leader in...
Safety Group Says Conn. Blast Shows Need for ‘Gas Blow’ Rule
Sep 29 2011 // A national safety group is urging states and regulators to adopt new standards that would ban a pipe-cleaning practice blamed for a 2010 Connecticut power plant explosion that killed six workers. The National Fire...
Associated Builders and Contractors, CNA Partner to Advance Construction Safety
Sep 20 2011 // Associated Builders and Contractors (ABC) and CNA’s Construction unit have partnered to advance industry best practices in the field of construction safety. During this three-year partnership, scheduled to launch...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
Louisiana Court Orders Injunction Against Insurance Fraud Ring
Sep 9 2011 // Insurance regulators in Louisiana say a court has ordered a permanent injunction against members of an insurance fraud ring, banning them from further involvement in the insurance business in that state. Louisiana...
What’s in a Name?
Sep 5 2011 // Changes to Terminology Reduce Construction Bond Mystery Preparing for an Insurance Journal Academy of Insurance bonding seminar, I studied the American Institute of Architect’s bond forms again. The first one I eyed...
People
Sep 5 2011 // Lee Stacey has been appointed president and chief executive officer of Britton-Gallagher & Associates Inc., one of Ohio’s largest privately owned insurance brokers. He assumes many of the current duties of Bruce...
Essentials: Be Careful What You Say When Issuing a Binder
Sep 5 2011 // Insurance binders are contracts of temporary insurance pending the issuance of a formal policy or proper rejection of the application by the insurer. The binder serves only as a temporary or interim policy until a formal...
Investors Placed Their Bets On Hurricane Irene
Aug 28 2011 // While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the...
Willis Acquires Polish Broker to Expand Employee Benefits, Construction
Aug 26 2011 // Willis Europe B.V., a division of Willis Group Holdings plc, has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe (AMA) Sp. Zoo. Willis said the deal, effective immediately,...
XL Names 6 to North America Construction Team
Aug 17 2011 // XL Insurance has made six key appointments to its North America Construction team that it established a year ago. The latest additions to XL Insurance’s North America Construction team include: Lawrence Lejfer...
New York Hotel Sues Over Ground Zero Construction Noise
Aug 9 2011 // The din of rebuilding the World Trade Center is driving guests away from a prominent hotel overlooking ground zero, and the agency in charge hasn’t listened to requests to quell the noise, the hotel’s owner...
Florida to Investigate Role of Check Cashing Firms in Workers’ Compensation Fraud
Aug 4 2011 // Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid paying their fair share of workers’ compensation premiums. Florida Chief...
Travelers Builds Marine Construction Program for Contractors
Aug 1 2011 // Travelers has developed a new marine construction program for construction contractors working with both the marine and non-marine exposures in and around the water. The Travelers Marine Construction program can be...
Maryland Casino Construction Site Collapse Kills Worker
Aug 1 2011 // Anne Arundel County officials say one construction worker was killed and another was injured when a 30-foot wall collapsed at the site of a casino being built at Arundel Mills Mall. Rescue workers were called to the site...
