All the headlines from our Construction Topic Page, ordered by recency.
Nov 2 2009 // Beazley is expanding its U.S. property insurance business with the creation of a dedicated Builders’ Risk team to be located in Chicago, Ill.Colin Rose, a senior underwriter from the London Construction and...
Nov 1 2009 // $12.1 MillionCumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG...
Nov 1 2009 // COPE is generally associated with property underwriting rather than as a risk class-based underwriting acronym. However, the traditional use and definition of COPE can be broadened to highlight the top concerns of...
Oct 23 2009 // Louisiana was the only state in the country where more people were working in the construction industry last month than in September 2008.That’s according to a state-by state analysis by the Associated General...
Oct 22 2009 // A construction advocacy group says spending on building in New York City is expected to drop 20 percent in 2009.In a report released yesterday, the New York Building Congress said sharp declines in private sector building...
Oct 14 2009 // A tall construction lift toppled over and struck a downtown Philadelphia apartment building Monday, killing a construction worker who fell 125 feet.Investigators want to know whether James Wilson, 40, of Glassboro, N.J.,...
Oct 5 2009 // Corruption in New York City’s construction industry ran so deep that mobsters worked as city building inspectors in recent years, prosecutors said Thursday.One reputed Lucchese crime family member used his city...
Oct 5 2009 // The number of reported construction accidents and injuries in New York City has increased – but there have been fewer deaths this year. The number of reported accidents increased by more than 40 percent year-to-date,...
Oct 5 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
Sep 28 2009 // Hundreds of southeast Texans displaced by Hurricane Rita four years ago are still waiting for new federally funded homes to be built while a state agency tries to spend the housing construction money it has a little...
Sep 22 2009 // The number of reported construction accidents and injuries in New York City has increased — but there have been fewer deaths this year.The number of reported accidents increased by more than 40 percent through last...
Sep 21 2009 // Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as “Chinese...
Sep 18 2009 // The Travelers Cos. Inc. has appointed Scott Higgins as president of Travelers Construction. Higgins most recently served as chief underwriting officer for Travelers Middle Market business units. He joined Travelers in...
Sep 17 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
Sep 16 2009 // The property/casualty insurance industry today officially broke ground for the building of a disaster safety research center in Chester County, South Carolina.The Institute for Business & Home Safety (IBHS) said its...
Sep 14 2009 // Insurance Services Office (ISO) has filed the property/casualty insurance industry’s first standard coverage option for commercial property owners interested in rebuilding damaged property with green...
Aug 21 2009 // The Kentucky Administrative Office of the Courts has an agreement with Codell Construction Co. that will allow courthouse projects in four counties to begin.A review was ordered after it was found the Winchester-based...
Aug 20 2009 // A total of 5,071 fatal work injuries were recorded in the U.S. in 2008, down about 10 percent from a total of 5,657 fatal work injuries reported for 2007, according to preliminary government figures.Based on these...
Aug 13 2009 // Ironshore Inc. has developed a new program to provide coverage for property owners and holders of uncompleted or in-progress real estate and development projects to be offered through its subsidiaries. IronBuilt, 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...