Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction Fatalities Drop in New York City
Jan 11 2010 // There has been an upside to the slowdown in construction activity in New York City: Fewer fatal workplace accidents. City officials reported Thursday that there were only three fatalities at New York building sites in...
Construction Specialists See Slow Recovery in 2010
Jan 10 2010 // Bright Spots for Commercial Contractors; Tough Times for Residential Market Construction insurance specialists say market improvement in 2010 for the construction industry will be slow for most sectors — even so...
Nevada Probes Allegations of Shoddy Work on Bridge
Dec 28 2009 // Nevada transportation officials are investigating claims by a construction worker who says a new highway bridge south of Reno, Nev., is unsafe because he was ordered to use substandard concrete to save money building...
People
Dec 20 2009 // Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president. Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher...
Aon to Acquire Construction Insurance Broker FCC Global of Spain
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Injury Severity, Not Legal Fees, Drives Workers’ Comp Costs in Illinois
Dec 7 2009 // The severity of injury and level of impairment — not the workers’ legal fees — have the most effect on payout for workers’ compensation claims among Illinois construction workers, researchers at the...
Aon Acquires Major Construction Insurance Broker Allied North America
Dec 7 2009 // Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in...
People
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
10 Things to Know About the Construction Industry Supply Chain
Nov 15 2009 // Construction activities affect nearly every aspect of the U.S. economy. Here are 10 things worth knowing about the construction industry: 1. Contribution to GDP In 2008, the construction industry’s contribution to...
More Heavy Metal Hits
Nov 15 2009 // Heavy Equipment Theft Now Estimated To Be A Sophisticated $600 Million Business On the last day in September, Jerry Dean Ledford was driving a stolen Ford F-250, and pulling a trailer loaded with a stolen tractor, down...
AAIS Introduces ‘Green’ Coverage Option For Commercial Output Program
Nov 12 2009 // The advisory aand policy form organzation American Association of Insurance Services (AAIS) is introducing an optional Green Coverage Endorsement and accompanying schedules under its Commercial Output Program (COP). AAIS...
Nevada Firm Predicts Dim Construction Prospects for Vegas
Nov 10 2009 // A Las Vegas research firm says the struggling economy should bring commercial construction to a virtual standstill around Las Vegas next year. However, some local insurance agents and brokers said they believe that...
Safety Engineers Help Colorado School
Nov 9 2009 // One day while visiting a construction site operated by a client’s vocational technical school, American Society of Safety Engineers’ (ASSE) Colorado Chapter member Mark Semonisck, CSP, assistant vice president...
Report: South Dakota Lost 1,400 Construction Jobs
Nov 2 2009 // A national trade organization estimates the number of lost construction jobs in South Dakota at 1,400 during a year in which a weak economy and tight credit slowed developers and builders. The 6 percent drop in South...
Rose and Warner Join Beazley’s Builders’ Risk Unit in Chicago
Nov 2 2009 // Beazley is expanding its U.S. property insurance business with the creation of a dedicated Builders’ Risk team to be located in Chicago, Ill. Colin Rose, a senior underwriter from the London Construction and...
It Figures
Nov 1 2009 // $12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG...
How to COPE with Apartment Risks
Nov 1 2009 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Louisiana Alone in Construction Jobs Gains
Oct 23 2009 // Louisiana was the only state in the country where more people were working in the construction industry last month than in September 2008. That’s according to a state-by state analysis by the Associated General...
Report: NYC Construction Down 20 Percent
Oct 22 2009 // A construction advocacy group says spending on building in New York City is expected to drop 20 percent in 2009. In a report released yesterday, the New York Building Congress said sharp declines in private sector building...
Worker Dies in Philadelphia after 125-Foot Fall
Oct 14 2009 // A tall construction lift toppled over and struck a downtown Philadelphia apartment building Monday, killing a construction worker who fell 125 feet. Investigators want to know whether James Wilson, 40, of Glassboro, N.J.,...
