Intel

Inside This Article: Two “spyder” cranes came crashing down onto a scaffolding outside a 12-story building that was under construction. No injuries were reported related to the incident, which occurred just a day after a partial stop-work order at the site was rescinded. This type of incident could lead to reputational damage as well as costly lawsuits, which can…

Inside This Article: Heavy rains were likely to blame for a third-floor balcony collapse in Los Angeles involving four individuals and a dog. Balcony collapses are rare but can also happen when structural integrity is compromised due to age, poor construction or overloading. Such incidents at housing complexes can cause catastrophic injuries, potentially leading to lawsuits and significant repair…

INSIDE THIS ARTICLE: A $125,000 Bobcat skid steer was stolen from a plumbing and general construction business in Detroit leaving a “heartbreaking” loss for the small business. Construction thefts are on the rise and may be more likely to occur when equipment is left unattended at jobsites overnight. Insurance policies that can help construction companies recover from theft include…

Unexpected gaps in insurance coverage can leave business owners vulnerable to significant financial risks—especially in the construction industry. Watch as Amber Carver, Vice President, Associate Managing Director, Underwriter, Burns & Wilcox, Salt Lake City, UT, breaks down a common exposure scenario and shares how brokers and agents can guide clients in safeguarding their businesses and livelihoods. https://vimeo.com/1040103742/11d1dd0666?ts=0&share=copy  

A glow-in-the-dark sweatshirt sold on Temu was recently recalled after the report of a child suffering serious burn injuries from the garment. The item, sold on the discount online marketplace on behalf of Sunshine Towels, carries a risk of \"serious burn injuries if exposed to heat or a flame source,\" according to the recall notice, issued by Product Safety Australia,…

Construction companies face numerous risks in their daily operations: defects due to a subcontractor cutting corners, accidents at the work site, and even cyber threats and pollution incidents. To learn about how Construction Insurance policies can help them mitigate these threats, we spoke with Anthony​​​​ Kobets, Senior Broker, Commercial Insurance, Burns & Wilcox, Kansas City, Kansas. What are some of…

A three-generation family in Brooklyn, New York, was recently evacuated from their home after city officials determined the building next door was unstable and would need to be demolished. The homeowner, Yvonne Belardo, was notified by firefighters on Sept. 5 that her three-story Bushwick home was at risk because of a construction error at a building site two doors down,…

A recent recall over listeria concerns has now expanded to 11.8 million pounds of potentially contaminated foods, including some that may have been sent to schools. First announced as a recall of nearly 10 million pounds of BrucePac meat and poultry products on Oct. 9, the U.S. Department of Agriculture has since updated the recall notification to include additional items…

The husband of a woman who had a severe allergic reaction last year after eating at a Disney Springs restaurant is suing the company for more than $50,000 in a wrongful death lawsuit that claims the server \"guaranteed\" the woman\'s food was allergen-free. The woman, a doctor from New York who had a severe allergy to nuts and dairy products,…

The Construction industry has functioned in a tight market for the last several years, although rates have recently stabilized. Flat to modest rate increases are common outside of a consistent group of challenging sectors that offer tight capacity and double-digit rate increases. Despite this relatively tight environment, demand for Construction Insurance remains high. Money is being pumped into Midwestern U.S.…

During this webinar, our own Nicholas Enriquez provided insights on challenges in the Construction Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/989142283/1353a90638?share=copy

During this webinar, our own John Dewart provided insights on trends in the Construction Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/989142110/c7d120cf6e?share=copy