AXA, France’s biggest insurer, extended its climate change policy to its recently-acquired XL division, which will result in a negative impact on its revenues. AXA said XL will stop insuring projects related to the construction of coal-fired power plants and the extraction of tar sands. The move will mean a revenue loss of about 100… Continue reading French Insurer AXA Extends Climate Change Policy to XL
Tag: construction insurance
Beazley Premiums Jump, Will Stop Underwriting Construction & Engineering Business
Lloyds of London insurer Beazley Plc reported an 11.1 percent rise in gross written premiums for the first nine months of 2018, helped by growth across all its divisions, and said it would report high single-digit growth in premiums for 2019. However, the company, which is a part of the oldest insurance market in the… Continue reading Beazley Premiums Jump, Will Stop Underwriting Construction & Engineering Business
Next Insurance Launches Industry’s First General Contractor Insurance Available Entirely Online
Next Insurance, the leading digital insurance carrier for small businesses, today announced the launch of a new general contractor insurance policy. Next Insurance is the first national carrier to offer general and professional liability insurance for general contractors entirely online. The addition of general contractor policies to the company’s offerings reflects the Next Insurance vision… Continue reading Next Insurance Launches Industry’s First General Contractor Insurance Available Entirely Online
OSHA Initiates Program Targeting Companies with High Injury Rates
OSHA will begin targeting companies in both manufacturing and non-manufacturing industries for inspection based on their electronically-submitted data. The Site-Specific Targeting 2016 (SST-16) Program utilizes injury and illness information electronically submitted by employers for calendar year (CY) 2016. Under this program, the agency will perform inspections of employers the agency believes should have provided 300A… Continue reading OSHA Initiates Program Targeting Companies with High Injury Rates
Contractors’ Choice of Pioneer Programs Partners with HMI, FrontLine to Enhance Builder Warranties, Reduce Litigation
Pioneer Programs Insurance Solutions, LLC, announced new exclusive partnerships with leading home warranty companies HMI, Inc. and FrontLine Response, LLC to provide superior warranty service and support to policyholders of its flagship program Contractors’ Choice. Through the partnerships, Contractors’ Choice, designed specifically to meet the unique needs of general contractors and developers, will now offer… Continue reading Contractors’ Choice of Pioneer Programs Partners with HMI, FrontLine to Enhance Builder Warranties, Reduce Litigation
Starr Insurance Companies Introduces Starr CIP Enterprise to Fill Construction Liability Gap
Starr Insurance Companies today introduced Starr CIP Enterprise, a mono-line general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary and excess general liability coverage for single large construction projects. “Starr CIP Enterprise fills a gap for clients whose existing primary and excess liability coverages… Continue reading Starr Insurance Companies Introduces Starr CIP Enterprise to Fill Construction Liability Gap