All the headlines from our Construction Topic Page, ordered by recency.
Feb 22 2010 // Lexington Insurance Co., a Chartis company, introduces Lex FollowUP, a policy designed for the construction industry to assume the legacy financial risk associated with general liability self-insured retentions (SIR).Lex...
Feb 18 2010 // Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction...
Feb 16 2010 // The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has...
Feb 11 2010 // Crews were slowly and carefully removing gas cylinders from the site of a deadly explosion at an under-construction power plant in Connecticut, and investigators have interviewed survivors in an effort to determine the...
Feb 7 2010 // Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011.Global...
Jan 24 2010 // $1 MillionAmount raised last year by InsurPac, the political action committee of The Independent Insurance Agents & Brokers of America (the Big “I”). It’s the first time the fund – which pays to...
Jan 11 2010 // There has been an upside to the slowdown in construction activity in New York City: Fewer fatal workplace accidents.City officials reported Thursday that there were only three fatalities at New York building sites in 2009....
Jan 10 2010 // Construction insurance specialists say market improvement in 2010 for the construction industry will be slow for most sectors — even so opportunities do exist. Publicly funded construction projects have seen an...
Dec 28 2009 // Nevada transportation officials are investigating claims by a construction worker who says a new highway bridge south of Reno, Nev., is unsafe because he was ordered to use substandard concrete to save money building...
Dec 20 2009 // Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president.Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher...
Dec 15 2009 // Aon Risk Services said that it has agreed to acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas,...
Dec 7 2009 // The severity of injury and level of impairment — not the workers’ legal fees — have the most effect on payout for workers’ compensation claims among Illinois construction workers, researchers at the...
Dec 7 2009 // Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in...
Nov 15 2009 // Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills,...
Nov 15 2009 // Construction activities affect nearly every aspect of the U.S. economy. Here are 10 things worth knowing about the construction industry:1. Contribution to GDP In 2008, the construction industry’s contribution to...
Nov 15 2009 // On the last day in September, Jerry Dean Ledford was driving a stolen Ford F-250, and pulling a trailer loaded with a stolen tractor, down Highway 74 in Polk County, N.C., when the county sheriff spotted him. He...
Nov 12 2009 // The advisory aand policy form organzation American Association of Insurance Services (AAIS) is introducing an optional Green Coverage Endorsement and accompanying schedules under its Commercial Output Program (COP).AAIS...
Nov 10 2009 // A Las Vegas research firm says the struggling economy should bring commercial construction to a virtual standstill around Las Vegas next year.However, some local insurance agents and brokers said they believe that...
Nov 9 2009 // One day while visiting a construction site operated by a client’s vocational technical school, American Society of Safety Engineers’ (ASSE) Colorado Chapter member Mark Semonisck, CSP, assistant vice president...
Nov 2 2009 // A national trade organization estimates the number of lost construction jobs in South Dakota at 1,400 during a year in which a weak economy and tight credit slowed developers and builders.The 6 percent drop in South Dakota...