Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook
Dec 2 2021 // The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be...
Applied Specialty Underwriters Launches New Infrastructure, Construction Practice
Nov 30 2021 // Applied Specialty Underwriters has launched a new infrastructure and construction practice and named Christopher Day as president. Additionally, John Schlosser has been named to lead the infrastructure underwriting...
Adjacent Condo Construction Triggered Surfside Collapse, Lawsuit Charges
Nov 17 2021 // A Miami lawsuit charges that a luxury condominium tower built just a few feet away from Champlain Towers South caused structural damage to the already ailing building in Surfside, leading to the collapse that killed 98...
BKS Partners Enters Agreement to Acquire Construction Risk Partners
Nov 17 2021 // Baldwin Krystyn Sherman Partners LLC (BKS Partners) entered into an agreement to acquire all the outstanding equity interests of Construction Risk Partners LLC (CRP). The transaction is expected to close on or around...
Massachusetts Construction Company Owner Pleads Guilty to Tax, Workers’ Comp Fraud
Nov 4 2021 // The owner of a now-defunct Peabody, Massachusetts, construction company pleaded guilty in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers’ compensation insurance carrier by...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh
Oct 18 2021 // By L.S. Howard Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry — but will drive new opportunities, according to a...
Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K
Oct 15 2021 // For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use...
New Jersey Construction Worker Hurt in Three-Story Fall Down Elevator Shaft
Oct 13 2021 // A construction worker was critically injured in a three-story fall down an elevator shaft at a New Jersey construction site, authorities said. Chief Michael Foligno of the Elmwood Park, New Jersey, police department said...
The Cable Guy Is Not a Construction Worker, Florida Court Says
Oct 8 2021 // The Florida Supreme Court on Thursday handed down no insurance-related opinions in its regular weekly posting and did not report a long-awaited decision on an insurance defense attorney charged with coaching a witness...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh
Oct 1 2021 // Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by...
Construction Fintech Built Nabs $1.5B Valuation; Growth Plans Include Insurance
Sep 30 2021 // Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million in an equity funding round led by TCV. Brookfield Technology...
People Moves: Mosaic Builds Out International Cyber Team; Howden Appoints 19 for Construction Division Across EMEA
Sep 28 2021 // Mosaic Expands Cyber Team in UK Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of new team members to its UK-based unit. The specialty insurer began...
People Moves: AXA XL’s Harth to Liberty Specialty in Germany; Amwins Global Hires Ed Broking’s Keenan for Construction & Engineering; Marsh’s Tigleanu to Lockton Re Cyber
Sep 21 2021 // This edition of International People Moves details appointments at Liberty Specialty Markets, Amwins Global Risks and Lockton Re. A summary of these new hires follows here. Liberty Specialty Markets Appoints AXA XL’s...
The Impact of COVID-19 on Contractors and the Construction Industry
Sep 20 2021 // The coronavirus pandemic forced most individuals and businesses to stand still for a moment in time, a pause that was challenging for many and cost jobs, income and growth. While many industries are transitioning back to...
People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice
Sep 17 2021 // This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley...
People Moves: RT Specialty’s Fagan Promoted; Baez Joins Berkley Construction Professional
Sep 14 2021 // RT Specialty Promotes Fagan Within Environmental and Construction Professional Practice Joseph Fagan has been promoted to account manager within the environmental and construction professional (ECP) practice of RT...
People Moves: BMS Australia Hires Gallagher’s Van Dugteren, Aon’s McKenzie; elseco’s Warren to Oneglobal; Miller Appoints WTW’s Goreham to Lead Construction
Sep 14 2021 // This edition of International People Moves details appointments at three brokers: BMS, Oneglobal Broking and Miller. A summary of these new hires follows. BMS Australia Names Gallagher’s Van Dugteren, Aon’s...
People Moves: InsureGood Hires Taylor, Berkley Construction Professional Hires Baez
Sep 9 2021 // Connecticut’s InsureGood Hires Taylor as Vice President of Business Development Hartford, Connecticut, insurance and risk management consulting firm InsureGood hired Carrie Taylor as vice president of business...
People Moves: C3 in California Launches Construction Division with Heidemann, Hallett, Porlas, Shea
Aug 31 2021 // C3 Risk & Insurance Services in San Diego, Calif. hired four insurance industry veterans to establish new construction and surety divisions. The new team members to the construction and surety divisions are: Paul...
People Moves: Chubb’s Kocsondy Joins Beazley Cyber; Ames & Gough Adds Martin; WTW’s Kinzer Moves to Zurich Construction; AXA XL Adds 4 to Pollution Team
Aug 17 2021 // Beazley Appoints Chubb’s Kocsondy as U.S. Cyber & Tech Chief Specialist insurer Beazley has appointed Patricia Kocsondy as head of U.S. Cyber & Tech. Kocsondy, an experienced cyber underwriter and manager,...
