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