Most Popular Construction Headlines This Year
The most viewed headlines from our Construction Topic Page over the last year.
#1 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,...
#2 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...
#3 Construction-Defect Subrogation on the Rise But it Just Became More Difficult in Florida
Jun 27 2023 // Florida lawmakers this year approved a measure that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took...
#4 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...
#5 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...
#6 Brokers Must Get Creative As Construction Market Grows Amid Project Delays, Labor Shortage, Higher Costs
Jun 19 2023 // The U.S. construction sector continues to see strong growth in various sectors and geographies but higher interest rates, higher building costs, and a decades-long shortage of skilled labor are contributing to a...
#7 EEOC Targets Construction Diversity, Equity & Inclusion
Jun 19 2023 // The construction industry is critical to our nation’s economy. It is also one of the country’s largest industries, employing nearly 11.8 million people in 2022. But for more than a decade, construction has...
#8 Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Jun 20 2023 // Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh...
#9 New Home Construction Surges by Most in 3 Decades in May
Jun 20 2023 // Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after...
#10 People Moves: Coppola New CUO at QBE; FloodFlash Names N.A. CEO; Liberty Mutual Hires in Energy, Construction
Nov 15 2022 // QBE North America Appoints Coppola Chief Underwriting Officer Laura Coppola QBE North America has appointed Laura Coppola as chief underwriting officer. Coppola joins the company with more than 25 years of technical...
#11 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...
#12 People Moves: Canopius Hires Liberty Mutual’s Johnson as CUO U.S., Bermuda; AXA XL Promotes McKinley to Casualty Leader for N. America Construction
Oct 17 2022 // Canopius Hires Liberty Mutual’s Johnson as CUO U.S. and Bermuda Canopius Group, a global specialty re/insurer, announced it has hired Coleman V. Johnson as its chief underwriting officer US and Bermuda. Johnson joins...
#13 Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
#14 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...
#15 Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk
Jun 23 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
#16 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...
#17 Construction/Engineering Sector Ranks Biz Interruption/Supply Chain Disruptions as Top Risk
Jun 19 2023 // Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according...
#18 New York City Construction Crane Catches Fire, Collapses and Crashes
Jul 27 2023 // A towering construction crane caught fire high above the West Side of Manhattan on Wednesday morning, causing its long arm to snap off, smash against a nearby building and plummet to the street as people ran for their...
#19 People Moves: Donavan CUO at Boost; Tasker New Head of AGCS Energy, Construction; 2 Hires at Liberty Mutual GRS
Sep 12 2022 // Boost Insurance Appoints Emy Donavan as Chief Underwriting Officer Boost appointed Emy Donavan as chief underwriting officer. She will oversee the company’s program underwriting, product development, and portfolio...
#20 Blast at Texas Construction Company Kills 4
Dec 13 2022 // SAN ANTONIO (AP) – Crews have found the body of a fourth person who died in an explosion at a San Antonio construction company and investigators worked Monday to determine the cause and origin of the blast. The blast...
