Construction Business Owner
JANUARY 28, 2022
Travelers, the second-largest writer of United States commercial property casualty insurance and the largest writer of surety bonds in North America, has released the findings of a new infrastructure study that followed 224 heavy civil construction projects from 2004 to 2020. Fri, 01/28/2022 - 08:30.
Construction Business Owner
FEBRUARY 18, 2016
Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year.
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Best Practices Construction Law
JULY 29, 2015
There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co. Motorists Mutual Insurance Co. , the Ohio Court of Appeals addressed this very issue.
Constructlaw
FEBRUARY 7, 2023
Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. or other property insurance applicable to the Work, except such rights they have to proceeds of such insurance held by the Owner as fiduciary. Myers Construction Corp., 3d 500 (La. The appellate court rejected each of these arguments.
Best Practices Construction Law
AUGUST 12, 2014
Other changes include updated insurance provisions that are consistent with current industry terminology and practices, and a Sustainable Project exhibit, which can be used if the Owner has identified a Sustainable Objective as part of the Owners Criteria. . For example, the 2014 Exhibit A is an insurance and bonds exhibit.
NH Construction Law
NOVEMBER 24, 2023
The New Hampshire Supreme Court implicitly assumed applicability of the statute of limitations to arbitration proceedings in Metropolitan Property and Liability Insurance Co. 2004); North Carolina, Cameron v. . § 1 et seq. , nor New Hampshire’s state arbitration act, RSA 542 , mentions the statute of limitations.
FDR Safety
AUGUST 27, 2015
The report shows that from 2004 to 2013, accidental workplace deaths dropped by 25 percent. These costs include health insurance claims, disability claims, lost productivity, overtime and the cost of hiring new employees. While that progress is encouraging, of course any death is one death too many.
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