Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
South Carolina Court Says Insurer Off the Hook for Shoddy Construction
Jan 24 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. In a recent ruling, the high court found that...
Ryan Specialty Intros New CAT/Construction Risk Facility in Texas
Jan 20 2011 // Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and...
Mastrolia To Lead Construction Risk Management at Marsh
Jan 20 2011 // Marsh has named Anthony Mastrolia leader of construction risk management within its U.S. construction practice. Mastrolia, who will be based in New Jersey, is a 35-year vertern of the insurance and risk management...
William Palumbo Insurance Agency Forms Construction Divison
Jan 18 2011 // William Palumbo Insurance Agency, Inc. has formed a new division called Palumbo Construction Risk. The new division will have expanded resources tailor made to the unique exposures and servicing needs of companies within...
Caution: Distressed Commercial Properties
Jan 14 2011 // The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts, urban mixed use or suburban office space, many of these...
Construction Supply Group Receives $179K Dividend from Texas Mutual
Jan 12 2011 // Texas Mutual Insurance Co. announced a $179,106 dividend to the Texas Construction Supply (TCS) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss ratio. Last...
Advice for Buyers of Distressed Construction Projects
Jan 10 2011 // Partially Built, Bank Owned, Financially Distressed Projects Pose Legal, Insurance Challenges The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are...
E&O Insights: Hotspots to Consider When Insuring Construction Risks
Jan 10 2011 // Workers’ Compensation, Certificates of Insurance, Unique Policy Language Areas of Concern Although the economy has taken its toll on the construction industry, the majority of insurance agencies probably insure a...
Insurance Vital to Alabama Coast Long-Term Plan, Says Commission
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
XL Makes New Appointments to Construction Practice
Dec 14 2010 // Insurer XL has made eight new appointments to its North American Construction team. Gregory P. McKiernan will serve as senior vice president of Construction Primary Casualty, based in New York. He most recently served as...
Willis of Colorado Appoints Anderson Senior VP for Construction
Dec 10 2010 // Willis of Colorado Inc.’s Construction Unit in Denver has appointed Stephanie Anderson has been appointed senior vice president. Anderson will be responsible for developing growth strategies, heightening client...
IronBuilt Increases Capacity Limits for Construction Risks
Dec 8 2010 // IronBuilt, the specialty construction unit of Ironshore Inc., has increased its limits of up to $25 million in umbrella/excess, wrap-up and project specific liability capacity. IronBuilt offers construction risk protection...
DeHut joins Elliott, Powell, Baden & Baker’s Construction Team
Dec 8 2010 // Construction insurance specialist Tina DeHut has joined Elliott, Powell, Baden & Baker’s Construction Insurance team. DeHut brings with her nearly 20 years experience insuring commercial contracting risks...
MJ Insurance Adds Brodie, Moore
Dec 7 2010 // Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee Benefits Division and BJ Moore as a property and casualty producer in the Construction...
Inside the Disaster Blaster
Dec 5 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Inside the Disaster Blaster
Dec 5 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claim For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Crop Bounty Spurs Construction Boom at Midwest Grain Elevators
Dec 3 2010 // A construction boom has been under way at grain elevators across the Great Plains, where farmers have grown more corn and opted to keep more of the grain to meet the demand from ethanol plants. Storage capacity at the...
Zurich Expands Property Portfolio Protection for Construction Businesses
Nov 30 2010 // Zurich has expanded its its Property Portfolio Protection (P3) for the construction industry. P3, an alternative to ISO forms, offers Zurich’s rates and language that includes more than 36 additional coverage...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
Inside the Disaster Blaster
Nov 14 2010 // Industry’s $40M Research Center May Someday Lead to Lower Catastrophe Claims For those who question the intelligence of insurance companies, here’s a new industry development that should answer those questions...
