All the headlines from our Builders Risk Topic Page, ordered by recency.
Oct 6 2014 // Just as the construction industry’s multifamily sector grows post-recession – creating a spike in retailer brokers’ demand for builder’s risk insurance – massive fires at construction sites have...
Jan 22 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its property capabilities to include builder’s risk insurance. The company also named Robert Tricamo to head the new specialty property area as vice...
Sep 26 2012 // XL Group has launched a new Builder’s Risk and Installation Coverage Solutions (BRICS) product, containing more than two dozen coverage enhancements. The coverage offers property insurance protection for single...
Aug 14 2012 // AIR Worldwide (AIR) has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes to buildings under construction. CLASIC/2Version 14.0 introduces the ability to...
Oct 18 2010 // The Iowa Court of Appeals upheld a decision by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange...
Oct 8 2010 // The Iowa Court of Appeals upheld a ruling by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for...
Sep 28 2010 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has expanded its Abacus Online Builder’s Risk program. With the...
Aug 11 2009 // Lexington Insurance Co., a Chartis company, introduced an Upgrade to Green – Builder’s Risk, which provides coverage that supports green building construction and renovation projects registered with the LEED or...
Mar 13 2009 // Beazley Group plc, an insurer of construction and engineering risks in the Lloyd’s market, has established a builders risk and engineered risk capability in the United States.Builders risk, commonly known as...
Jan 22 2009 // Los Angeles-based Abacus Insurance Brokers Inc., a program has launched an online builder’s risk program, as well as has enhanced its portfolio of production programs to include stunt coverage.Eligible projects in...
Oct 18 2007 // Fireman’s Fund Insurance Co. announced the introduction of new green amendments to its builders risk insurance policy.New green buildings undergoing construction and existing buildings undergoing green renovations...
Jul 2 2007 // New capacity enters the market, but terms and conditions not easy for manyThe rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at...
Jul 2 2007 // The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, at least in catastrophe prone regions. But outside of coastal areas and...
Jun 13 2007 // The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk...
Sep 11 2006 // Builders & Tradesmen’s Insurance Services Inc. in Rocklin, Calif., is offering its new One-Shot Builders Risk Program in California, Arkansas, Arizona, Idaho, New Mexico, Nevada, Oregon, Utah and Washington....
Aug 28 2006 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, has launched a new limited access builder’s risk/contractors equipment program.The program is available for residential and commercial new...
Aug 7 2006 // Citizens Property Insurance Corp. has reversed a June decision to cancel its builder’s risk program and agreed to renew existing builder’s risk policies and write new policies in Florida until the end of the...
Jul 21 2006 // Specialty insurer Praetorian Financial Group has entered into a partnership with Britt Paulk to launch a Builder’s Risk program.The partnership will initially be launched in Florida and the Gulf states, where...
Jul 21 2006 // A policy change that will allow Citizens Property Insurance Corp. to renew existing builder’s risk policies and write new policies was unanimously approved by the board of governors during a July 21 emergency...
Jul 20 2006 // The board chairman of Citizens Property Insurance Corp. has called an emergency meeting of the board of governors in Tallahassee, Fla. Friday July 21 to discuss the dwindling builder’s risk insurance market. Citizens...