Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Growth of Clean Tech Industry Delivers New Exposures, Opportunities
Apr 4 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
South Carolina Moves Forward with Construction Defect Bill
Apr 1 2011 // Insurers in South Carolina may find themselves on the losing side over a battle to prevent construction defects from being covered under a general commercial liability (CGL) policy. The South Carolina Senate has approved a...
Marsh Expands U.S. Construction Practice
Mar 17 2011 // Marsh has appointed two veteran insurance brokers to its U.S. Construction Practice. Joining the practice are Scott Hull as Managing Director in Birmingham, Alabama, and Karen Reutter as senior vice president in...
Kentucky Condo Owners Await Ruling Over Shoddy Construction
Mar 15 2011 // A group of condominium owners in northern Kentucky is hoping a judge’s ruling will give them an opportunity to collect several million dollars from a defunct construction company they say did shoddy work on their...
RISC Opens Energy, Construction Programs to Wholesale Brokers
Feb 25 2011 // RISC, Inc.’s exclusive nationwide programs for energy and construction are now open for access by other wholesale brokers. RISC offers these specialty programs through “A” rated carriers on an admitted...
Chartis Increases Construction Project Capacity to $125 Million
Feb 24 2011 // The Chartis insurers have increased net and treaty capacity for construction projects from $100 million to $125 million from the Global Marine and Energy Property unit of its Global Marine and Energy Division. This...
Service Economy Encouraging, Obesity Discouraging for Workers’ Comp
Feb 21 2011 // I believe that one of the favorable trends impacting workers’ compensation in the decades ahead will be driven by our service based economy. There will be relatively fewer manufacturing and construction injuries for...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 21 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
People
Feb 21 2011 // Rodney Smith Lloyd’s of London has appointed Rodney Smith to serve as the regional director for Lloyd’s newly established Southeast region. Smith will be based in Atlanta, Georgia and be responsible for market...
Mood on Main Street: Agents on Hardest Hit Small Businesses
Feb 17 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines...
People
Feb 10 2011 // Cincinnati, Ohio-based Great American Insurance Group’s Property and Inland Marine Division has promoted two insurance executives: Grace Thomas and Cecil Wilson. Thomas was promoted to divisional senior vice...
Two Workers Die After New York Construction Site Fall
Feb 10 2011 // Two ironworkers died Tuesday morning after they fell from a fifth floor through an open elevator shaft at a church construction site where they were installing steel, New York City authorities said. Brett McEnroe, 49, of...
Insurers Oppose South Carolina Bill on Construction Defects
Feb 9 2011 // Insurers have come out against a move by South Carolina lawmakers to extend general liability policies to include construction defects. The Property Casualty Insurers Association of America (PCI) says such a move would add...
People
Feb 7 2011 // OneBeacon Technology Insurance appointed Mary Fisk-Bieker as vice president and central and eastern territories underwriting manager. She brings more than 25 years of insurance experience to OneBeacon, 23 years of which...
South Carolina Court: Insurer Not Liable for Poor Construction
Feb 7 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. The high court found that a builder’s...
Tennessee Construction Owners Must Register
Feb 7 2011 // A new Tennessee law is requiring all construction firm owners to register with the state if they choose to opt out of the state’s workers’ compensation system. The law is designed to protect general contractors...
Main Street’s Hardest Hit Businesses
Feb 7 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines...
Zurich Construction Targets Lifecycle of Public-Private Projects
Feb 1 2011 // Zurich North America’s Commercial’s Construction business unit is introducing an integrated project lifecycle solution for Public- Private Partnership (PPP) projects. Zurich’s PPP integrated solutions...
Utah Bill Targets Construction Companies That Skirt Workers’ Comp
Jan 31 2011 // Utah Senate Bill 35 is going after construction companies, requiring them to pay workers’ compensation and contribute to unemployment insurance and withholding taxes as long as their employees own less than 20...
Louisiana Gained 26,300 Non-Farm Jobs in 2010
Jan 27 2011 // Louisiana added 26,300 non-farm jobs in 2010 as it continued to plow through a slow economic recovery, state labor officials said. The state still had 42,200 fewer jobs last month, on a non-seasonally adjusted basis, than...
