The overall P/C insurance industry forecast for 2023 is optimistic due to the continued introduction of technology and the digitalization of the insurance process.
Tag: construction insurance
AXA XL Launches Underwriting Innovation Office in the Americas
AXA XL Insurance has launched an Underwriting Innovation Office in the Americas to drive innovation in support of business initiatives.
Tokio Marine Kiln Completes Sale of U.S. Construction Business to Intact Insurance Group
Tokio Marine Kiln (TMK) has completed its sale of Tokio Marine Highland’s (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact) with effect from 1 August 2022. The construction division, ‘Highland’, led by Rick Girden, President, and Kaileigh Bowe, EVP, employs approximately 40 people and is headquartered in Naperville, Illinois, all of whom… Continue reading Tokio Marine Kiln Completes Sale of U.S. Construction Business to Intact Insurance Group
Zurich NA Construction and Energy Teams Add Sustainability Roles
Insurance and risk services provider Zurich North America has created three roles to support Zurich Construction and Energy customers in their evolving sustainability objectives and hired notable professionals to lead this work. “Climate change is one of the most urgent risks confronting our customers, and many are working toward carbon-neutral goals,” said Paul Lavelle, Head… Continue reading Zurich NA Construction and Energy Teams Add Sustainability Roles
Americans Shun Warehouse Construction in their Communities
The warehouse construction boom in the United States is reaching a halt in some communities. Residents in towns and cities are rising up in opposition to a growing push to bring distribution centers closer to neighborhoods and areas unaccustomed to industrial traffic, an effort fueled by surging e-commerce demand that opponents of the warehouses claim… Continue reading Americans Shun Warehouse Construction in their Communities
The Liberty Company Insurance Brokers Partners with LAGG
The Liberty Company Insurance Brokers announced today that it has partnered with LAGG. LAGG was formed in 2016 by industry veteran, Rick Mascolino. The agency helps its clients in construction, transportation, or personal lines, achieve the goal of obtaining the lowest cost insurance program while enhancing their coverage. Rick and his team have a core… Continue reading The Liberty Company Insurance Brokers Partners with LAGG
Global Construction Industry Faces Mounting Climate Change and Sustainability Challenges as Economies Build Their Way to Recovery: Report
With the infrastructure boom set to fuel global economic growth over the next decade, the construction industry must address the mounting pressures associated with climate change and the race to net zero greenhouse gas emissions (net zero), according to a report published by Marsh and Guy Carpenter, both businesses of Marsh McLennan, the world’s leading… Continue reading Global Construction Industry Faces Mounting Climate Change and Sustainability Challenges as Economies Build Their Way to Recovery: Report
AmTrust 2021 Contractor Risk Report: First-Year Employees Pose Greatest Injury Risk with a Third of Claims Paid Out
AmTrust Financial Services, Inc., a global specialty property and casualty insurer, today released the AmTrust 2021 Contractor Risk Report, identifying common injuries and the resulting time off work for the specialized group. The report, based on 26,000 workers’ compensation claims over 10 years, found that companies in business less than four years make up 75… Continue reading AmTrust 2021 Contractor Risk Report: First-Year Employees Pose Greatest Injury Risk with a Third of Claims Paid Out
Sierra Specialty Expands Team, Welcomes Vicky Dith, Construction Focused Insurance Broker & Underwriter
Sierra Specialty, program specialist, managing general agency and wholesale insurance brokerage, is pleased to announce the appointment of Vicky Dith as a Broker & Underwriter specializing in construction insurance. Vicky will be working closely with Sierra Specialty’s commercial lines team to expand the company’s construction division. She brings over 20 years of commercial lines knowledge… Continue reading Sierra Specialty Expands Team, Welcomes Vicky Dith, Construction Focused Insurance Broker & Underwriter
AXA XL and Procore Team Up to Help Contractors Increase Productivity and Minimize Project Management Risks
AXA XL’s North America Construction insurance business has teamed up with Procore, a leading provider of construction management software, to help contractors step up productivity and project risk management. Procore joins the Tech Library of AXA XL’s Construction Ecosystem, an integrated digital platform helping clients manage risks on their jobsites and across their organizations. According… Continue reading AXA XL and Procore Team Up to Help Contractors Increase Productivity and Minimize Project Management Risks