Construction News
Lightning Could Threaten Millions of Homes Built With a Type of Gas Tubing
Lightning strikes occur approximately 25 million times each year in the U.S., as reported by the National Severe Storms Laboratory. As summer approaches, storm producing lightning strikes could ...
Industry Groups Vow to Fight New OSHA Rule for Silica Exposure Limits
Capping a decades-long effort, U.S. workplace regulators on Thursday announced a final rule to boost protections against occupational exposure to crystalline silica, a carcinogenic dust ubiquitous in ...
W.R. Berkley Launches Specialty Arm Focused on Construction Professional Liability
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
Berkshire Specialty Unit Jumps Into Surety With Zurich’s Delisio
Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior ...
Dirt Bonds Lead Muni Market in 2013 as Housing Rebounds
Municipal debt tied to real-estate development is set to be the best-performing part of the $3.7 trillion state and local-bond market this year as an improving housing market boosts the securities' ...
Swiss Re Sees Emerging Market Infrastructure Construction Boosting Premiums
Swiss Re Ltd., the world's second- biggest reinsurer, estimates $43 trillion in infrastructure investments related to urbanization in emerging markets through 2030 may translate into $68 billion in ...
Builder Deaths Climb First Time Since 2006
Deaths among U.S. construction workers climbed last year for the first time since before the financial crisis amid a building rebound. On-the-job fatalities in the private construction segment rose 5 ...
U.S. Homebuilder Confidence Highest Level Since ’05; Jobless Claims Lowest Since ’07
Confidence among U.S. homebuilders rose in August to the highest level since 2005 as demand for new homes supports the market amid rising mortgage rates. The National Association of Home ...