All the headlines from our Construction Topic Page, ordered by recency.
Sep 8 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” costing...
Sep 8 2014 // In 2013, net income more than doubled from the $1.57 billion reported in 2012, according to the “2013 U.S. Surplus Lines Market Review” published by A.M. Best.Not resting on their laurels, surplus lines...
Sep 4 2014 // Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed.“Kocisko focuses on...
Sep 2 2014 // A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” an...
Aug 29 2014 // Louisiana’s property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely due to the implementation of statewide building codes and strategies that...
Aug 29 2014 // UK-based broker Miller Insurance Services LLP announced that it has “implemented plans to grow its Asia construction book with the appointment of producer Paul Beattie as Head of Construction, Asia.”Beattie has...
Aug 27 2014 // U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.Construction increased 15.7 percent in July to a...
Aug 18 2014 // Two years after Hurricane Sandy pounded the New Jersey coast, the USCGC Sailfish has yet to return home.The gleaming white 87-foot patrol boat, now temporarily based out of Bayonne, New Jersey, still cannot go back to its...
Aug 6 2014 // The United States spends a lot of money responding to natural disasters but comparatively little trying to limit the costs of disasters before they happen.As the costs to the government and the insurance industry mount,...
Aug 1 2014 // Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs.NOLA.com/The Times-Picayune reports the recognition was announced on...
Jul 15 2014 // “Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a...
Jul 11 2014 // Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary...
Jul 8 2014 // According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a...
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Jun 26 2014 // The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein’s 3 World Trade Center that allows him to use $159 million of insurance proceeds to expedite construction.The...
Jun 16 2014 // Surviving a tornado in a wood-frame residential home is enhanced by an intact roof and standing walls, but light-weight garage doors can be the weak link to allowing high winds and pressure changes into a home that can...
Jun 16 2014 // The number of U.S. single family home sales attributed to flipping is on the decline but that isn’t deterring investors.Despite the percentage of flipped homes shrinking to 3.7 percent of the total homes sold, the...
Jun 12 2014 // Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of...
Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...
Jun 6 2014 // The Tennessee Department of Labor has been expanding efforts to uncover employer fraud within the construction industry.The efforts, aided by recent legislation, will help identify employers who are paying workers under...