The Insurance Institute for Business & Home Safety (IBHS) has released its updated 2025 FORTIFIED resilient construction standards, designed to strengthen homes, commercial buildings, and multifamily properties against severe weather events.
Tag: construction
Construction Industry Challenges and Insurer Responses
The construction industry faces significant challenges post-COVID-19, including persistent project delays, supply chain disruptions, and soaring material costs. According to a KPMG report, only 25% of construction projects meet their original deadlines.
US Assure: New Home Construction Up to $1 Million Now Eligible for 6-Question Builders Risk App
US Assure, the exclusive program administrator for the Builders Risk Plan insured by Zurich, expanded eligibility for its online six-question application with no underwriting holds, increasing speed and ease of use for insurance agents.
To Combat Climate Change, Builders Create Greener—and Tougher—Homes
By incorporating sustainability and resilience into home construction, developers are addressing both a cause of climate change—carbon emissions—and one of its effects—stronger storms.
New U.S. Home Construction the Highest in More than Three Decades in May
Groundbreaking on single-family homebuilding projects in the United States increased by the highest in more than three decades in May, and permits for future construction also increased.
Old Republic Surety Says Surety Business ‘Must Lead in Recovery, Infrastructure and Expansion’
Surety carriers and professional bond producers must step up to lead as growing employment fuels economic expansion and the federal government increases spending, says Alan P. Pavlic, president and chief operating officer of Old Republic Surety Co., the nationwide surety carrier that is part of Old Republic International Corp. “The right underwriting, the right product,… Continue reading Old Republic Surety Says Surety Business ‘Must Lead in Recovery, Infrastructure and Expansion’
Next Insurance Now Covering Over 1,000 Classes of Business
Next Insurance, the leading digital insurance company for small businesses, announced today that it now supports over 1,000 classes of business (CoBs) across the country including Contracting, Construction, Consulting, Fitness, Cleaning, Beauty, Therapy, Entertainment, Education, and over 1,000 more. The company is also announcing the launch of professional liability coverage, available entirely online. Next Insurance… Continue reading Next Insurance Now Covering Over 1,000 Classes of Business