Intel

As cranes and scaffolding dominate skylines in major cities across the U.S., it is clear that the construction industry is bustling in many areas. To learn how Construction Insurance helps protect construction companies, Crain’s Content Studio spoke with Nicholas Freeman, Associate Managing Director, Broker, Casualty, Burns & Wilcox Brokerage, North Dallas, Texas. What are the greatest risks in the construction…

The state of the professional liability market for contractors includes both challenges and opportunities. While the market is generally stable, there has been a recent increase in the severity of claims which has increased the costs of settling them. Today claims regularly take one year or longer to finalize. Added pressure is placed on the market in the form of…

From large general contractors to small specialty contractors, the construction landscape is changing. During this webinar, we gathered to discuss how these changes in design-build and specialty areas can increase your clients\' exposures, along with tips on how to mitigate these risks. https://vimeo.com/811031674/e202360f8c

A 30-year-old woman was sent to the hospital and listed in critical condition after a concrete slab from an apartment building facade broke off and struck her in the head while she walked down the sidewalk in Philadelphia, Pennsylvania, in early February. Contractors were reportedly working on the building when the concrete slab and debris fell from about two stories…

Below we highlight the top 5 trending intel topics in July 2022.   1. Property & Casualty Overview & Outlook Commercial Property, Cyber Liability and Coastal Properties Watch as our experts discuss the Property & Casualty market as we begin the third quarter of 2022. This panel discussion included insights into…

Below we highlight the top 5 trending intel topics in June 2022. 1. Flood Insurance Flood Modeling & Insurance Perspectives The U.S. Flood insurance market is being completely revamped with the launch of the National Flood Insurance Program’s (NFIP) risk rating 2.0, which applies risk modeling technology to evaluate exposure. Simultaneously the…

Two separate construction accidents in Boston recently caused a stoppage on projects by the region’s largest construction company. According to reports, Suffolk Construction halted work at multiple job sites on May 6 in order to “reinforce safety awareness” after multiple workers were hurt when a former power plant under construction collapsed May 4, followed by an accident at another job…

During this webinar, Burns & Wilcox Brokerage experts met for a discussion on the state of the construction market, including commentary on primary, excess and NY construction markets. We also discussed current challenges and available specialty solutions, as well as what is needed for a quality submission. https://vimeo.com/714499485/39061997cf

A fire that destroyed much of a historic country club in Bloomfield Hills, Michigan, may have been started by construction work involving a propane torch, new video footage suggests. The Feb. 17 blaze at Oakland Hills Country Club caused an estimated $80 million in damage to the clubhouse and was a near “total loss,” according to reports. Video recovered from…

Cleanup and investigation efforts are underway at the site of the Forbes Avenue Bridge in Pittsburgh, Pennsylvania, after the bridge collapsed on Jan. 28. A city bus and several other vehicles were on the bridge when it came crashing down, injuring 10 individuals in a terrifying ordeal that left motorists fearing for their lives. The 447-foot bridge, which was built…

A road construction worker was tragically killed on I-94 in Michigan on Aug. 27 after a semi-truck struck the crane that the worker was operating. According to Michigan State Police, the worker was completing bridgework on an overpass near Paw Paw and had attempted to jump from the equipment before it was hit by the semi-truck. The worker died at…

Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become a 13-story data sciences building…