Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Lexington Launches Public/Private Partnership Coverage
Aug 5 2008 // Lexington Insurance Company, a unit of AIG Commercial Insurance, announced the launch of “Lex P-3 Solutions SM,” which it described as offering “tailored risk management and insurance products that...
NYC Updates Construction Safety Rules
Aug 4 2008 // New York City Mayor Michael Bloomberg endorsed dozens of procedural changes to improve fire safety and coordinate oversight at construction sites, responding to the failures that led to a fatal fire last summer at a ground...
People
Aug 4 2008 // Aon Re Global named Jan-Oliver Thofern CEO and chairman of its German subsidiary, Aon Ruck. Thofern was previously a member of the company’s executive committee. He succeeds Holger Gaserow, who plans to retire at the...
High Cost of N.Y. City Construction Due to Land, Wages, Materials, Insurance
Jul 31 2008 // Construction costs in New York are far higher than in other major U.S. city due to factors ranging from hefty wages, high land prices and costly insurance, according to a survey by a trade group coalition. Costs in New...
New York Agents Support Expansion of Excess & Surplus Export List
Jul 23 2008 // Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of...
Aon Construction Adds Wrap-Up Expert Resnick to N.Y. Team
Jul 22 2008 // Aon Corp. said that Richard Resnick, formerly of the Willis Construction practice, has joined Aon Construction Services Group as regional director of wrap-ups. In his new position, Resnick is responsible for providing...
Mayor Endorses Fire Safety Proposals For NYC Construction Sites
Jul 18 2008 // Mayor Michael Bloomberg on Wednesday endorsed dozens of procedural changes to improve fire safety and coordinate oversight at construction sites, responding to the failures that led to a fatal fire last summer at a ground...
Update: Construction Flaw in North Carolina Parking Deck Collapse
Jul 11 2008 // An engineering report says a construction problem more than 20 years ago caused the May collapse of a part of a parking deck in Charlotte, North Carolina. The Charlotte Observer reported July 10 the four-story parking deck...
Alabama Beach Pool Offers Insurance Breaks for Fortified Building
Jul 2 2008 // The Alabama Insurance Underwriting Association (AIUA), commonly known as the Beach Pool, is implementing new discounts to help coastal Alabama policyholders reduce their insurance premiums for windstorm coverage. The Beach...
Reagan Joins Aon Construction Group, Focusing on Europe, Asia
Jun 30 2008 // Aon Corp. reports that Mark Reagan, former chairman of the Willis Construction practice, has joined Aon Construction Services Group as managing director. Reagan will be responsible for supporting the international practice...
N.Y. City Officials Tell Congress They’re Tightening Crane Safety
Jun 26 2008 // New York City officials told Congress this week that they are tightening requirements on tower construction cranes after a spate of recent accidents there, as well as others in Las Vegas and Miami. Robert LiMandri, the...
XL Insurance Adds New Green Building Product
Jun 19 2008 // XL Insurance (“XLI”), the global insurance operations of XL Capital Ltd (NYSE:XL) , launched a new green building product to encourage customers who experience a property loss to rebuild using resource...
McCarthy to Lead Willis’ Construction, Real Estate Claims
Jun 19 2008 // Willis Group Holdings Limited appointed Gerry McCarthy as senior vice president, and regional director of construction and real estate claim teams of Willis of New York Inc. McCarthy’s responsibilities include...
New Safety Harness Rules at NYC Construction Sites
Jun 18 2008 // New York contractors will now have to submit detailed plans for worker safety harness systems at high-rise construction sites. The city’s Department of Buildings told contractors Monday about the new requirements in...
Coronado Insurance Wholesale Services Offers Construction GL Program
Jun 17 2008 // San Diego based Coronado Insurance Wholesale Services has added online features to its admitted general liability program, Freedom. Freedom online features include online quoting, underwriting, and policy issuance, ISO 12...
Push on for National Safety Standards for Cranes
Jun 16 2008 // In the wake of construction crane accidents in the past three months that claimed 11 lives, industry groups have called for nationwide safety standards. An industry council agreed on a set of standards in July 2004 but the...
People
Jun 16 2008 // Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE...
Contractors Should Consider How They Build Their Workforce
Jun 16 2008 // Should Subcontractors Be Hired as “Employees” or Independent Contractors? Two recent events remind the insurance industry of the importance of understanding the relationship of a worker at a construction site...
Workers’ Comp Insurance Deserves Extra Caution in Construction Market
Jun 16 2008 // Move from Residential to Commercial Construction Increasing Risk Severity Following legislative reforms, the slowing economy and soft market conditions, workers’ compensation insurance carriers are eager to build...
Overlooked Heavy Construction Segment Includes Significant Small Firm Opportunity
Jun 16 2008 // Louisiana, Washington Rank High for Heavy and Civil Engineering Construction Business Within the broader construction industry sector, heavy and civil engineering construction (NAICS 237) is an often overlooked segment....
