Latest Construction Headlines

Okla. Construction Bond Businesses Ordered to Shut Down

Oct 25 2005 // Oklahoma Insurance Commissioner Kim Holland announced she has ordered Dan Lyon to stop conducting unauthorized business involving insurance in Oklahoma. The order states Lyon provided a surety bond that may be illegal to...

Bliss and Glennon Adds New Residential Construction Market

Oct 25 2005 // Redondo Beach, Calif.-based Bliss & Glennon Inc. has announced that it has added a new market for New Start Residential Contractors in California. “We are very excited about this new facility. In addition to our...

Course of Construction Builders Risk Program

Oct 17 2005 // Nuts & Bolts: Builders and Tradesmen’s Insurance Services launched a national Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and...

Willis Builds Up N.Y. Construction Unit on Long Island

Oct 14 2005 // Willis Group Holdings, Ltd., continuing to strengthen its construction insurance practice has appointed two new people its Long Island, New York operations. Joining Willis from Select Contractors Coverage Corporation are...

Valuations: Educating Your Client on True Replacement Cost

Oct 3 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

Survey: Competition, Capacity Characterize Surety Bond Market

Oct 3 2005 // Although today’s construction industry is coming out of a trench and contractors are intensifying competition by bidding low to get enough work to utilize available capacity, an increase in private sector...

Valuations: Educating Your Client on True Replacement Cost

Oct 3 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

Survey: Competition, Capacity Characterize Surety Bond Market

Oct 3 2005 // Although today’s construction industry is coming out of a trench and contractors are intensifying competition by bidding low to get enough work to utilize available capacity, an increase in private sector...

Oct 3 2005 // Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his...

The artisan contractors market on the rise

Oct 3 2005 // As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest...

Builders & Tradesmen’s Insurance Services Introduces National Course of Construction/Builders Risk Program

Sep 26 2005 // Builders & Tradesmen’s Insurance Services has launched its National Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and Washington. The...

Report Discusses Hurricane Katrina’s Impact on the Construction Industry

Sep 25 2005 // NIP Specialty Brokerage, LLC, a wholesale brokerage specializing in construction, released an Insurance Advisory focusing on market impacts of Hurricane Katrina on the construction industry, with a focus on home...

Congress Asked to Shield Volunteer Contractors from Liability

Sep 21 2005 // The U.S. House of Representatives is weighing legislation to protect contractors who respond to declared federal, state and local emergencies or disasters from lawsuits arising out of their volunteer efforts. The provision...

Abram Interstate Offers Course of Construction, Builders Risk

Sep 6 2005 // Abram Interstate Insurance Services Inc has a new market for Course of Construction and Builders Risk. The Policy is Custom Tailored Coverage for Residential and Commercial Properties. Features include; All Risk Coverage,...

Surety Survey Shows Dramatic Changes in Marketplace Over Past 10 Years

Sep 5 2005 // Grant Thornton LLP recently released the results of its Surety Credit Survey examining bond producers’ perspectives of the surety marketplace for the construction industry. The data appears to indicate a dramatic...

News Briefs

Sep 5 2005 // MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company...

Surety Survey Shows Dramatic Changes in Marketplace Over Past 10 Years

Sep 5 2005 // Grant Thornton LLP recently released the results of its Surety Credit Survey examining bond producers’ perspectives of the surety marketplace for the construction industry. The data appears to indicate a dramatic...

Valuations: Educating Your Client on True Replacement Cost

Sep 5 2005 // There are two calls that an agent or broker might receive that should raise concerns; the first is a call from the IRS audit department and the other is from an insured who says, “I just had a fire.” The reason...

CONSTRUCTION FIRM SETTLES BONDS DISPUTE

Sep 5 2005 // The U.S. Justice Department said that New York, N.Y.-based Turner Construction will pay the government $6.6 million to settle allegations that it submitted false claims. The company cooperated in an investigation into...

Lemac Adds New Residential Construction Market

Aug 24 2005 // William Newton, president of Los Angeles-based Lemac & Associates announced that they have added a new market for residential contractors in California. With a Best’s rating of “A” VIII and a minimum...