Latest Construction Headlines

All the headlines from our Construction Topic Page, ordered by recency.

Fires and Natural Disasters Cause Most Construction, Engineering Claims

Jun 19 2023 // Fires and natural disasters are the top contributors to construction and engineering losses, according to an analysis by Allianz Global Corporate & Speciality (AGCS) of 22,000 insurance claims worth €12.8 billion...

People Moves: Woodruff Sawyer in California Adds Valdez to Construction Team

Jun 16 2023 // Jamin Valdez has joined Woodruff Sawyer as vice president, construction. He will be based in Southern California. His focus is on construction and environmental risks. Before joining Woodruff Sawyer, Valdez was a senior...

Partial Crane Collapse at Atlanta Construction Site Injures Four

May 24 2023 // Four people were injured when a crane partially collapsed at a construction site in Atlanta, police said.Police and firefighters rushed Monday to the site in the city’s Midtown area. The four people who were hurt...

Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore

May 23 2023 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models...

Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud

May 9 2023 // Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation...

Manhattan DA Brings Charges in Alleged Affordable Housing Construction Fraud

May 3 2023 // Manhattan District Attorney Alvin L. Bragg, Jr. announced indictments charging eight individuals and six companies with fraud and corruption within the construction industry, including conspiring to fraudulently use...

45 Years Ago, the Deadliest Construction Accident in U.S. Killed 51

Apr 27 2023 // It was 45 years ago today that a huge scaffold system collapsed inside a cooling tower under construction at a West Virginia power plant, sending 51 workers tumbling to their deaths 170 feet below.Eleven members of one...

Alaska Oil Project Construction Allowed as Lawsuits Play out

Apr 5 2023 // Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s...

2 Killed in Construction Trench Accident at New York’s JFK Airport

Apr 5 2023 // Two workers were killed in a construction accident at New York’s John F. Kennedy International Airport on Monday, officials said.The Port Authority of New York and New Jersey, which runs the airport, said the two...

UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs

Mar 21 2023 // Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in the event of fire or another catastrophic event, warned Chaucer, the specialty...

From Construction Costs to Cyber Crime, Educational Organizations Face Multiple Insurance Challenges

Mar 20 2023 // As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for...

New Jersey Beach Town Fined $12M Over Unapproved Past Construction Work

Feb 27 2023 // NORTH WILDWOOD, N.J. (AP) — The sandstorm being waged between New Jersey environmental officials and a defiant shore town bolstering its dunes without state permission is intensifying.The state Department of...

Surety Bonds Offer Protections and Economic Benefits to Both Public and Private Sector Construction

Jan 31 2023 // This post is part of a series sponsored by IAT Insurance Group. The perfect storm of inflation, supply-chain disruptions and ongoing labor shortages is adding additional risk factors to construction projects in...

Construction Industry Outlook 2023: Pivot to Pursue Growth in the Face of Macroeconomic Headwinds

Jan 26 2023 // This post is part of a series sponsored by IAT Insurance Group. The potential for recession, continued inflation, critical labor shortages and supply chain issues will loom large over construction in 2023. Additionally,...

Hardening Construction Market Gives Way to Rise of Captives

Jan 25 2023 // Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity.Captives, licensed...

Construction Firm Denies Illegal Dumping Charges as ‘Legally, Factually Baseless’

Jan 23 2023 // A Massachusetts construction company charged with illegally dumping thousands of tons of contaminated fill in Rhode Island during a highway construction project says it has done nothing wrong.The Rhode Island attorney...

New York Corporations Face Fines for Criminal Liability for Construction Deaths, Injuries

Jan 13 2023 // Corporations in New York’s construction industry will face increased fines of up to $500,000 if they are found criminally liable for worker deaths or serious injuries.Gov. Kathy Hochul signed into law what has been...

People Moves: NFP Names Head of N.A. Construction Advisory; New Chief Underwriting Officer at Everspan

Jan 6 2023 // NFP Names Canning SVPNFP has named Andrew Canning senior vice president and head of project risk advisory for the company’s growing North America construction and infrastructure group. The group, part of NFP’s...

3 Dead, 2 Hurt in Scaffold Collapse at North Carolina Construction Site

Jan 4 2023 // Three construction workers were killed and two others were hurt on Monday when scaffolding collapsed in an industrial accident at a job site in Charlotte, North Carolina, authorities said. The scaffolding collapsed just...

Polar Park Construction Manager Pays $1.9M Over Minority Hiring Pledge

Dec 28 2022 // The company that oversaw the construction of a minor league baseball park in Massachusetts has agreed to pay nearly $2 million to settle allegations that it failed to live up to its pledge of giving a certain portion of...