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New York Construction Sites Show Spike in Work-Related Injuries

New York Construction Sites Show Spike in Work-Related Injuries

Work-related fatalities at New York City building construction sites reached their lowest point in almost 10 years in 2023, according to new data from the city, but work-related injuries jumped 25%, Safety+Health magazine reported on May 23. The Department of Buildings\' annual Construction Safety Report indicated that there were 841 building construction-related incidents, 692 injuries and…

P&C Report: 2024 Q2 Outlook

P&C Report: 2024 Q2 Outlook

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

Builders, Homeowners Strained as Construction Costs Continue to Rise

Builders, Homeowners Strained as Construction Costs Continue to Rise

Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…

Crane Accident Causes Injuries, Strikes Nearby Building

Crane Accident Causes Injuries, Strikes Nearby Building

A construction crane accident in New York City tragically injured 11 individuals and shut down traffic July 26 after the crane burst into flames 45 stories above ground. The top portion of the crane, which was lifting 16 tons of concrete at the time as it worked on a 54-story building in Midtown Manhattan, struck a neighboring building as it…

Concrete Slab Falls from Apartment Building Construction Site, Injuring Pedestrian

Concrete Slab Falls from Apartment Building Construction Site, Injuring Pedestrian

A 30-year-old woman was sent to the hospital and listed in critical condition after a concrete slab from an apartment building facade broke off and struck her in the head while she walked down the sidewalk in Philadelphia, Pennsylvania, in early February. Contractors were reportedly working on the building when the concrete slab and debris fell from about two stories…

Property & Casualty Report: Eye on 2023

Property & Casualty Report: Eye on 2023

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

Multiple Accidents Bring Boston Construction Projects to a Halt

Multiple Accidents Bring Boston Construction Projects to a Halt

Two separate construction accidents in Boston recently caused a stoppage on projects by the region’s largest construction company. According to reports, Suffolk Construction halted work at multiple job sites on May 6 in order to “reinforce safety awareness” after multiple workers were hurt when a former power plant under construction collapsed May 4, followed by an accident at another job…

$80 Million Country Club Fire May Have Started With Construction Work

$80 Million Country Club Fire May Have Started With Construction Work

A fire that destroyed much of a historic country club in Bloomfield Hills, Michigan, may have been started by construction work involving a propane torch, new video footage suggests. The Feb. 17 blaze at Oakland Hills Country Club caused an estimated $80 million in damage to the clubhouse and was a near “total loss,” according to reports. Video recovered from…

Officials Investigate Pittsburgh Bridge Collapse That Injured 10

Officials Investigate Pittsburgh Bridge Collapse That Injured 10

Cleanup and investigation efforts are underway at the site of the Forbes Avenue Bridge in Pittsburgh, Pennsylvania, after the bridge collapsed on Jan. 28. A city bus and several other vehicles were on the bridge when it came crashing down, injuring 10 individuals in a terrifying ordeal that left motorists fearing for their lives. The 447-foot bridge, which was built…

Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site

Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site

Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become a 13-story data sciences building…

Construction Defects Lawsuit Leads to $17.5 Million Settlement for Condo Association

Construction Defects Lawsuit Leads to $17.5 Million Settlement for Condo Association

The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems with sliding glass doors. As…

Ask the Expert Q&A: Construction Insurance

Ask the Expert Q&A: Construction Insurance

COVID-19’s impact on the Canadian construction industry has been substantial; to learn more about current challenges facing construction companies and how Construction Insurance can help address them, we spoke with Steven Hrab, Director, Construction, Burns & Wilcox, Toronto, Ontario. What are the greatest risks facing companies in Canada’s construction industry? S.H.: Global lockdowns are currently the greatest challenge facing the…

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We care about the safety of you and your team, family, and clients. We also want to reassure you that we are here to help with our claims team.

It is our commitment to provide industry-leading claims service and reporting. Our in-house claims team acts as an advocate for brokers, agents, and insureds. This helps make the claims process run as smoothly as possible.

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