Latest Construction Headlines
All the headlines from our Construction Topic Page, ordered by recency.
IRMI Calls for Gary E. Bird Horizon Award Nominees
Aug 14 2002 // International Risk Management Institute (IRMI) is seeking nominees for this year’s Gary E. Bird Horizon Award, formerly known as the Construction Risk Management Best Practices Award, to be given at the upcoming 22nd...
Determining Mold Culpability
Aug 5 2002 // A recent article in The Cincinnati Enquirer perfectly (albeit accidentally) illustrates how vexing the toxic mold issue can be, how stridently companies and industries try to protect themselves from its consequences, and...
Nev. Regulators May Look to Legislative Solution on Defect Litigation Costs
Jul 22 2002 // According to the Alliance of American Insurers, Nevada insurance regulators concerned about the availability of residential contractor’s liability insurance should not look to mandatory pools, but should develop a...
Insurers & Contractors Trying to Nail DownProper Coverage
Jun 10 2002 // If you’re placing coverage for contractors, there are three factors that determine what obstacles you will encounter: location, location, location. The real question is whether it will stay that way or whether...
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Insurers & Contractors Trying to Nail Down Proper Coverage
Jun 10 2002 // If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay...
Tough Products, Construction
Jun 10 2002 // Nuts & Bolts: CRC of Atlanta is offering a program for tough products, construction, OL&T $100,000 minimum. Brokerage business. Dollars: Policy limits of 1/2/2; $5,000 minimum deductibles; $75,000 minimum...
SIO Inducts New Members into the Tiger Trust
Jun 5 2002 // The Surety Information Office (SIO) inducted John D. Schramm, Michelle V. Orlando, Lawrence F. McMahon and Martin R. Brady, Jr. into the Tiger Trust, an honorary society of surety industry professionals who persuade...
Ariz. Enacts Law to Lessen Construction Defect Lawsuits
May 31 2002 // Arizona’s governor signed a bill recently that will establish an alternative dispute resolution procedure for certain construction defect claims, providing a modicum of relief to a beleaguered construction industry,...
AIA Says Colo. Bill Provides Relief from Construction Defect Lawsuits
Apr 22 2002 // A bill making its way through the Colorado House would limit the damages available for civil actions arising out of construction defects and should be enacted as quickly as possible, according to the Alliance of American...
NAII Says Insurers, Builders and Manufacturers Need Cooperation to Halt Construction Defect Problems
Apr 9 2002 // Builders, subcontractors, manufacturers and insurers need to work together to minimize the threat of construction defect exposures by promoting high-quality products and proven risk management techniques according to the...
Woodland, Calif. Homeowners to Purchase Flood Coverage
Apr 9 2002 // Woodland, Calif. homeowners are likely to soon receive letters from their mortgage letters requiring them to purchase homeowners insurance, according to the Sacramento Bee. The Federal Emergency Management Agency (FEMA)...
Assurex Global Adds Latin American, African, North American Partners
Apr 8 2002 // Ohio-based Assurex Global, a privately held risk management and commercial insurance brokerage group, has expanded its worldwide presence with the addition of international broker partners in Lima, Peru and Tunis, Tunisia,...
Wash. Gov. Signs Credit-Based Scoring Bill and Construction Defect Legislation
Apr 8 2002 // Gov. Gary Locke has signed House Bill 2544 restricting insurers’ use of credit-based insurance scores. Earlier in the week, he signed Senate Bill 6409, providing an opportunity for corrective action to be taken...
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
AAI Urges Wash. Gov. to Sign Construction
Mar 26 2002 // The Alliance of American Insurers is urging Washington Gov. Gary Locke (D) to sign SB 6409, which the organization believes will help reduce the rising costs of litigation faced by the state’s construction...
American International Companies Unveils Program for Construction, Power Facilities
Mar 26 2002 // American International Group, Inc. (AIG) announced that the American International Companies has introduced AIG PowerBuild(SM), which provides a comprehensive package of insurance products and services designed for the...
Contractors/ Construction Trades & Service
Mar 25 2002 // Nuts & Bolts: M.E. James Surplus Lines Insurance Brokerage is making available a contractors program for construction trades and service. Endorsements – damage to your work, pollution extension. Dollars: Policy...
Silverstein Plans Construction Start on 7 WTC Building
Feb 26 2002 // Despite calls for more overall planning of the WTC site, Larry Silverstein is pushing ahead with plans to start construction to rebuild No.7 World Trade Center, which collapsed several hours after the twin towers on Sept....
