This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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.
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.
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 (..)
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.
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.
Achieving favorable terms in a hard property & casualty 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. .
Rick Perry and GEICO Chairman and CEO Tony Nicely recently announced the insurance giant will be expanding its Katy operations, creating 1,000 new jobs over the next three years and $8.5 Whenever we hear about a major employer expanding or relocating to Texas, it affirms what we’ve been telling people all these years,” Gov. Perry said.
Earlier this fall, the entire country watched as hurricanes Harvey, Irma and Maria caused widespread destruction across Texas, Florida, the Caribbean and Puerto Rico.
Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. Arkansas 4. Colorado 5. Connecticut 6. Delaware 7. Illinois 12. Kentucky 15. Maryland 16. Massachusetts 17.
Strategically located between San Antonio and Austin, New Braunfels was recently named the 9th Fastest Growing City by Percentage in 2019, US Census, 4th Fastest Growing County by Percentage in 2019, US Census, #15 in Millennial Growth, Haven Life Insurance Group.
Embarking on a construction project in Texas entails navigating a web of legal requirements to ensure compliance. Understanding Zoning Laws and Permits Zoning Laws Zoning laws in Texas dictate how land can be used in different areas, impacting the type of construction permitted.
RICHARDSON, Texas -- Hill & Wilkinson has been awarded the Texas Mutual Safety Trophy for 2013 for its outstanding commitment to safety in the workplace. frontpage'
“Whenever we hear about a major employer expanding or relocating to Texas, it affirms what we’ve been telling people all these years,” Gov. “Like many cutting-edge companies, GEICO knows that Texas is a great destination for innovative companies looking to excel.” million in capital investment. Perry said.
OSHA’s new, misguided requirement for detailed electronic reporting of injury and illness data by employers has come under legal challenge by a coalition of trade associations, employers and an insurance company. District Court for the Northern District of Texas.
The assessment of wind damage is important for both property owners and insurers because it helps to identify the extent of damage, necessary repairs, potential safety hazards, and facilitates progress toward eventual remediation. For example, the TWIA has specific requirements for the design and installation of replacement roofs.
Finally, the stimulus checks and unemployment insurance bonus payments have sapped some people’s interest in taking jobs. Glue shortages, caused by the storm-related shutdown of petrochemical plants in Texas, also lowered plywood production, but that’s a temporary problem. Truck drivers are in short supply across the economy.
Call your insurance company right away and arrange accommodations. If you are forced to leave your home due to damage from a storm, be sure to check with your insurance company right away to see if it will cover the cost of an apartment rental or extended-stay hotel. South Carolina. North Carolina. Mississippi.
INSURANCE |. The company, which recently acquired concrete pump giant Putzmeister, has already partnered with Custom Truck and Equipment of Kansas City, Missouri; Imperial Crane Services of Bridgeview, Illinois and Four Seasons Equipment of Houston, Texas. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.
Florida Supreme Court follows Texas Lamar Homes. On December 20, 2007, the Florida Supreme Court issued a ruling in United States Fire Insurance Company v. This follows the lead of the Texas Supreme Court in Lamar Homes, Inc. December 21, 2007 in insurance , litigation , news | Permalink. Mid-Continent Cas. Categories.
This criteria is the sum of mortgage payments, property taxes, homeowners and private mortgage insurance premiums during the first year, which should not exceed 28% of a household’s total income. As usual, NAHB’s latest update includes priced out estimates for all states and metropolitan areas.
If an insurer pays out on a property loss caused by a sub’s noncompliant work, the insurer may seek reimbursement through a subrogation action. The Texas Supreme Court just abandoned this rule. A subcontractor allegedly failed to properly connect hot water heaters to the water system, resulting in property damage.
Being aware of where most construction is happening in Texas in 2024 allows for market-specific financial planning. Being aware of the biggest construction project in Texas in 2024 offers insights into large-scale cost management. Risk management includes contingency planning and insurance coverage.
The site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results. San Jose, California has a median home value of almost $1 million, while San Antonio, Texas has a median home value of just $171,100. and Philadelphia. Key Findings. California is expensive.
Oscar, a New York-based health insurance company, will expand in Tempe, AZ. Oscar is a new kind of health insurance company designed to put people first. Through a high-tech, data-driven approach, easy-to-understand language and a unique set of benefits, Oscar is changing the way people interact with their health insurance.
CGL policy -- conflict of interest between builder and insurer » April 20, 2006. The Texas Appellate Court has issued substituted concurring and dissenting opinions in Lennar v. Great American Insurance on April 11, 2006 (14-02-00860-CV). April 20, 2006 in insurance , litigation | Permalink. Categories. arbitration.
To learn more about everything you need to do to be ready, go to redcross.org , fema.gov or your states disaster website, including the following: Florida Georgia South Carolina North Carolina Virginia Alabama Mississippi Louisiana Texas Ensure your safety and relocate if necessary.
I used median income from the Census Bureau (estimated 2020 and 2021), assumed a 15% down payment, and used a 2% estimate for property taxes, insurance and maintenance. This is probably low for high property tax states like New Jersey and Texas, and too high for lower property tax states.
These changes caused employers and their insurers (both liability and property/casualty) to start fighting with one another, because the employer was now exposed to even greater liability within the civil setting. By trying to make the state more business friendly, the Legislature created even more uncertainty.
Designing for resilience As climate-related stressors intensify, resiliency—the ability to adapt to, withstand, and rapidly recover from hazards—has become an increasingly urgent issue for building owners, government officials, property insurers, and design and construction professionals. Millions of properties across the U.S.
ENR Texas & Louisiana. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? ENR Top Lists. ENR Sourcebooks. Survey Schedule. ENR Midwest.
The original contract documents for construction, design, and construction administration provided contractual notice requirements, forum requirements whether trial or arbitration, choice of law which is this case was Texas law, applicable standards of care for the general contractor and architect, and insurance policy coverage amounts.
For single-family homes, however, the average deficiency rate in California and Nevada was much lower than in Texas and Florida. . . . which has been at the forefront of the quality assurance movement on behalf of builder and insurance clients for nearly 25 years. across the US.
Every impressive DaVinci product has achieved the Miami-Dade County Acceptance and Texas Department of Insurance criteria for high velocity hurricane winds. When Hurricane Harvey barreled into Texas on August 25, 2017, it made landfall as a Category 4 hurricane just six short miles from the Mustang Island Episcopal Conference Center.
Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply. Scott Smith, Selective Insurance Group. Patricia Urtecho, a senior risk management consultant with Builders Mutual Insurance Co.
In Texas, contractors can send a Notice of Contractual Retainage to the property owner within 30 days of completing their contract in order to reserve the right to file a lien on the retained funds. In some cases, states do make specific exceptions for retainage liens.
Magpul’s announcement prompted a welcoming tweet from Texas Gov. ” The company returned Perry’s embrace and decided to move to Texas. In Colorado, firearms maker Magpul Industries announced it would relocate in response to the CO ban on high-capacity magazines. Rick Perry: “Come on down!”
ENR Texas & Louisiana. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? ENR Top Lists. ENR Sourcebooks. Survey Schedule. ENR California. ENR Midwest. ENR Mountainstates. ENR New York. ENR Southeast. ENR Southwest. share: more » print. 07/30/2012. By Janice L. Text size: A A.
ENR Texas & Louisiana. Description: The Insurance Institute for Business & Home Safety conducted the first side-by-side, high-speed-wind performance test of two full-scale, commercial-style buildings on July 17. ENR Mountainstates. ENR New York. ENR Southeast. ENR Southwest. This content is available for purchase. for ENR subscribers.
Florida Supreme Court follows Texas Lamar Homes » November 11, 2007. The Architect’s duty to indemnify the Owner under this provision shall be limited to the available proceeds of insurance coverage. To offset this problem, B103 permits the owner to require the architect to carry additional insurance (at the owners expense).
ENR Texas & Louisiana. has served in management and executive positions for both the Texas and Arizona state departments of transportation. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? ENR Top Lists. ENR Sourcebooks. Survey Schedule. ENR California. ENR Midwest. 07/30/2012.
The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content