All the headlines from our Construction Topic Page, ordered by recency.
Feb 7 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy.The high court found that a builder’s...
Feb 7 2011 // A new Tennessee law is requiring all construction firm owners to register with the state if they choose to opt out of the state’s workers’ compensation system.The law is designed to protect general contractors...
Feb 7 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit.In terms of lines...
Feb 1 2011 // Zurich North America’s Commercial’s Construction business unit is introducing an integrated project lifecycle solution for Public- Private Partnership (PPP) projects.Zurich’s PPP integrated solutions...
Jan 31 2011 // Utah Senate Bill 35 is going after construction companies, requiring them to pay workers’ compensation and contribute to unemployment insurance and withholding taxes as long as their employees own less than 20...
Jan 27 2011 // Louisiana added 26,300 non-farm jobs in 2010 as it continued to plow through a slow economic recovery, state labor officials said.The state still had 42,200 fewer jobs last month, on a non-seasonally adjusted basis, than...
Jan 24 2011 // The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy.In a recent ruling, the high court found that...
Jan 20 2011 // Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and...
Jan 20 2011 // Marsh has named Anthony Mastrolia leader of construction risk management within its U.S. construction practice. Mastrolia, who will be based in New Jersey, is a 35-year vertern of the insurance and risk management...
Jan 18 2011 // William Palumbo Insurance Agency, Inc. has formed a new division called Palumbo Construction Risk.The new division will have expanded resources tailor made to the unique exposures and servicing needs of companies within...
Jan 14 2011 // The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts, urban mixed use or suburban office space, many of these...
Jan 12 2011 // Texas Mutual Insurance Co. announced a $179,106 dividend to the Texas Construction Supply (TCS) workers’ compensation purchasing group. The dividend was based largely on the group’s overall loss ratio.Last...
Jan 10 2011 // The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts, urban mixed use or suburban office space, many of these...
Jan 10 2011 // Although the economy has taken its toll on the construction industry, the majority of insurance agencies probably insure a contractor or two. There is no doubt this class of business has caused its share of errors and...
Dec 21 2010 // Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover...
Dec 14 2010 // Insurer XL has made eight new appointments to its North American Construction team.Gregory P. McKiernan will serve as senior vice president of Construction Primary Casualty, based in New York. He most recently served as...
Dec 10 2010 // Willis of Colorado Inc.’s Construction Unit in Denver has appointed Stephanie Anderson has been appointed senior vice president. Anderson will be responsible for developing growth strategies, heightening client...
Dec 8 2010 // IronBuilt, the specialty construction unit of Ironshore Inc., has increased its limits of up to $25 million in umbrella/excess, wrap-up and project specific liability capacity. IronBuilt offers construction risk protection...
Dec 8 2010 // Construction insurance specialist Tina DeHut has joined Elliott, Powell, Baden & Baker’s Construction Insurance team. DeHut brings with her nearly 20 years experience insuring commercial contracting risks...
Dec 7 2010 // Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee Benefits Division and BJ Moore as a property and casualty producer in the Construction...