Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
AEC Firms Can Learn from May Webcast
Apr 12 2005 // Architecture, Engineering and Construction (AEC) firms have seen an 88% increase in the cost of professional liability coverage in the last three years, according to a recent survey by Zweig-White. To help architects...
Non-Construction Laborers, Freight Movers Had Most Occupational Injuries, Illnesses in Texas in 2003
Mar 31 2005 // The Texas Workers’ Compensation Commission announced that non-construction laborers and freight, stock, and material movers recorded the largest number of occupational injuries and illnesses in Texas in 2003,...
Business Leaders Warn of ‘Rolling Crisis’ As Federal Terror Insurance Program Nears Expiration
Mar 18 2005 // U.S. business leaders came out in force this week to urge renewal of the federal Terrorism Risk Insurance Act and warn that market restrictions on terror insurance coverage are already beginning to be felt in the...
IRMI Launches New Online Certification for Construction Risk Professionals
Mar 17 2005 // International Risk Management Institute (IRMI) has developed a new insurance designation for insurance agents, brokers, and underwriters who sell construction insurance. The Construction Risk and Insurance Specialist...
AIG Forms One-Stop Construction Insurance Unit
Mar 15 2005 // The domestic brokerage group of the AIG Companies has created AIG Construction Solutions, a consolidated practice that will serve as the central point of contact for domestic brokers and agents placing construction...
Supreme Court Rules Big Dig Dredge a Vessel for Purpose of Allowing Injured Worker to Sue Owner
Feb 23 2005 // The United States Supreme Court has ruled that workers injured on dredges like one used in the Big Dig construction are not limited to workers compensation but may also sue the vessel’s owner for negligence. Writing...
Report Cites Design and Structural Faults as Cause of Paris Airport Collapse
Feb 16 2005 // Both structural and design faults caused a large section of the newly constructed Terminal 2E at Paris’ Charles de Gaulle airport to collapse last May, killing 4 people and injuring 3. An investigative commission...
Jury: Developer Negligence Contributed to N.J. Fire
Feb 14 2005 // Six people whose homes were destroyed by a spectacular fire nearly five years ago have been awarded more than $1 million by a Bergen County, New Jersey jury, which found that a developer’s negligence contributed to...
Aon Risk Services to Serve as Broker for Freedom Tower Construction in Lower Manhattan
Feb 1 2005 // Aon Risk Services Inc. has been appointed by World Trade Center Properties LLC, an affiliate of Silverstein Properties Inc., as broker for insurance coverage related to the construction of the Freedom Tower in Lower...
Owners, Tenants Protective
Jan 24 2005 // Nuts & Bolts: Indemnity Excess & Surplus Agency is now offering an owners and tenants protective. This product offers premises liability coverage to an owner or tenant hiring a general contractor to perform...
Broker Survey Shows 4Q Premiums Drop
Jan 24 2005 // More than 80 percent of small and large commercial property/casualty accounts and 90 percent of medium accounts found their insurance premiums either stable or down by as much as 20 percent during the fourth quarter of...
Back to the Basics
Jan 24 2005 // E&S Industry Returns to Familiar Ground Neither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...
Owner’s and Tenant’s Protective
Jan 24 2005 // Nuts & Bolts: Indemnity Excess & Surplus Agency is now offering an owner’s and tenant’s protective. This product offers premises liability coverage to an owner or tenant hiring a general contractor to...
Effect of Navy shipbuilder payments on insurance questioned
Jan 2 2005 // A Navy plan to pay Gulf Coast shipbuilders about $1.7 billion for losses related to damages and construction delays from Hurricane Katrina may overstate the actual costs and could dampen efforts to collect insurance...
Calif. Contractor Associations, Unions Form Trust to Administer Workers’ Comp Carve-Out Program
Dec 7 2004 // Northern California contractors and unions representing carpenters, laborers and operating engineers have formed a labor-management trust to administer a collectively bargained workers’ compensation carve-out...
NFIB/Construction Gets $82K Dividend from Texas Mutual Insurance
Dec 1 2004 // Texas Mutual Insurance Company announced that the National Federation of Independent Businesses (NFIB) workers’ compensation purchasing group for the construction industry earned an $82,184 dividend. It was the...
Fla. Employer of Workers Killed at July Construction Site Accident Charged with Fraud
Nov 26 2004 // The employer of two workers killed in a July construction accident on a Hobe Sound work site has been arrested and charged with workers’ compensation fraud, Florida’s Chief Financial Officer Tom Gallagher...
CONSTRUCTION DEFECT LEGISLATION DEFEATED IN COLO.:
Nov 22 2004 // Voters in Colorado Nov. 2 overwhelmingly turned back an effort to amend the state’s constitution and gut a construction defects reform measure passed by the legislature last year. In a victory for consumers and the...
Mass. Big Dig Springs Big Leaks; Hunt Commences to Pin Blame for Allegedly Faulty Construction
Nov 12 2004 // Massachusetts Attorney General Thomas F. Reilly said his office wants to know whether water accumulating on the underground roof of the Big Dig tunnels could damage the $14.6 billion roadway project, and who should be...
Construction Defect Legislation Defended by Colo. Voters Overwhelmingly
Nov 4 2004 // Voters in Colorado Nov. 2 overwhelmingly turned back an effort to amend the state’s constitution and gut a construction defects reform measure passed by the legislature last year. In a victory for consumers and the...
