Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
New AIG Construction Specialty to Focus on Builder & Contractors
Jun 23 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty. AIG Construction Specialty...
The American Dream in California is Just That-A Dream
Jun 23 2003 // When you hear the phrase, “I want to live the American dream,” and you ask what that means, many people say that they want to own their own home where they can raise their family. Unfortunately, the dream is...
Inside the Contractors Market
Jun 23 2003 // If you find placing contractors insurance these days almost as daunting as building the house, condo, apartment or other facility itself, you are not alone. A restrictive market, high minimum premiums and tighter...
Reed Construction Data Introduces Property Valuation Software
Jun 19 2003 // Norcross, Ga.-based Reed Construction Data (formerly CMD) announced the launch of its Means CostWorks Valuator software program. This new software program employs cost data from Reed Construction Data’s RSMeans...
Winstead’s Bass to Address Impact of New Tort & Insurance Laws
Jun 11 2003 // Business law firm Winstead Sechrest & Minick announced that pay clauses, sovereign immunity, prompt pay and dispute resolution are among the issues Robert C. Bass, chair of Winstead’s Construction Practice and a...
Lemac Adds New Residential Construction Market
Jun 11 2003 // Los Angeles-based Lemac & Associates has added another new market looking to quote residential subcontractors on an occurrence form. Requirements: Minimum premium is $250,000. Minimum SIR is $10,000. Limits can go as...
Texas Construction Co. Owner Indicted for WC Fraud
Jun 6 2003 // Mary Lou Mott, owner of Zaval-Tex Construction Company, and her office manager, Louise Humberson, are facing felony charges following a Travis County (Texas) grand jury indictment. According to Texas Mutual Insurance...
Richmond, Calif. Construction Firm Owners Sentenced in Fraud Case
May 21 2003 // California State Compensation Insurance Fund and Contra Costa County District Attorney Bob Kochly announced that the former owners of the now bankrupt Richmond-based Barthell Construction and Roofing Co. have been...
Construction
Apr 21 2003 // Nuts & Bolts: buildersrisk.com is offering a course of construction available through any agent—no appointment or fees. Endorsements are available. Dollars: Policy limits up to $25,000,000; deductibles of $1,000...
Fla. Governor, Lt. Governor Announce Workers’ Comp Reform
Apr 9 2003 // Florida Governor Jeb Bush and Lt. Governor Toni Jennings announced comprehensive workers’ compensation reforms at a rally of Florida homebuilders at the state’s Capitol. At the rally, Bush commented that part...
PIACT Supports Competition for Municipally Funded Construction Projects
Mar 14 2003 // Steven Imbriaco, government affairs counsel for the Professional Insurance Agents of Connecticut Inc., told the Insurance & Real Estate Committee of the Connecticut General Assembly during a public hearing on Tuesday...
COLO. HOUSE PASSES TORT REFORM MEASURES
Feb 24 2003 // The Colorado House of Representatives voted recently to protect consumers from unjustified lawsuits, which are reportedly driving up the cost of homes, medical care and insurance. In addition, the House Business Affairs...
Allstate Adjustor Found Guilty in Fraud Conspiracy
Feb 14 2003 // An insurance adjustor who allegedly defrauded Allstate Insurance Company and several Allstate-insured homeowners who suffered damages during the 1994 Northridge earthquake was recently convicted of federal fraud...
Fla. Construction Owner Charged With Workers’ Comp Fraud
Feb 14 2003 // A Brevard County, Fla., construction company owner has been charged with workers’ compensation insurance fraud after investigators with the Florida Department of Financial Services made an unannounced visit to one of...
Colo. House Passes Tort Reform Measures
Feb 3 2003 // The Colorado House of Representatives voted this week to protect consumers from unjustified lawsuits, which are driving up the cost of homes, medical care and insurance. In addition, the House Business Affairs Committee...
Allianz Reconfirms New Capacity for Inherent Defects Insurance Coverage
Jan 28 2003 // Germany’s Allianz has reissued a bulletin confirming the increased capacity of its Global Risks unit available to cover faulty design, faulty material and faulty workmanship – inherent defects – for up to...
GL for Construction Industry/Roofers
Jan 13 2003 // Nuts & Bolts: American Pacific General Agency is offering a program for construction industry/roofers. Appointment only business. Dollars: Policy limits of $1,000,000. Deductibles-$2,500. Minimum premiums-$3,500 for...
Acordia of Calif. Names New VP of Construction
Dec 23 2002 // Jim Shea has joined Acordia of California as vice president of its Construction Industry Division. Shea is a surety specialist with 16 years of insurance brokerage experience. He began his insurance career as a Surety...
GL for Construction Industry/Roofers
Dec 19 2002 // Nuts & Bolts: American Pacific General Agency is offering a program for construction industry/roofers. Appointment only business. Dollars: Policy limits of $1,000,000. Deductibles of $2,500. Minimum premiums of $3,500...
