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How to Get Better Options in Today’s Hard Insurance Market

Construction Business Owner

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. . Greg Ragsdale.

Insurance 156
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Judge dismisses $1.3B in lawsuits against Texas LNG builders

Construction Dive

Insurers had filed two actions against Zachry and its joint venture partners, claiming they caused a 2022 gas export terminal explosion by failing to install proper safeguards.

Texas 144
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Insurers Appeal Court Dismissal of Suits Against Contractors in Texas LNG Explosion

ENR Construction

After dismissing the case, the judge said he didn't want to rule on whether the insurers might have a liability claim against Zachry Group, McDermott and Chiyoda under other provisions of the contract.

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Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

What many might not know, is that these cost escalations can correlate directly to higher insurance premiums and reduce risk appetite from insurance carriers making it harder to get coverage.

Insurance 156
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Simplify Construction Compliance with a Complete ERP Solution

Construction Business Owner

Simplify Construction Compliance with a Complete ERP Solution Complex, Multi-Faceted Construction Compliance Needs Managed with One Simple Solution mhodges Tue, 08/29/2023 - 09:46 From financial documentation and insurance/bonding requirements to labor law reporting and subcontractor and vendor documentation (and everything in between), compliance (..)

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TEXAS SUPREME COURT RULES IN FAVOR OF CONTRACTOR IN INSURANCE COVERAGE DISPUTE

Construction Lawyer

The reasoning used by the Texas Supreme Court, if adopted elsewhere, could mean an expansion of coverage for CGL policyholders in other states of tendered claims for allegedly insufficient work performed pursuant to contract. . insurance litigation' In Ewing Constr. Amerisure Ins. , 12-0661, 2014 WL 185035 (Tex.

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Should Contractors Be Allowed to Insure Themselves Against Their Own Faulty Work?

Construction Dive

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.