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Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility

Insurance Journal

Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short-period construction within the U.S., Price …

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Construction Supervisor Sentenced for Obstructing Probe of Employee’s Fatal Fall

Insurance Journal

A Blue Point, New York man has been sentenced to one year in prison and two years of supervised release after pleading guilty to conspiracy and obstruction of an investigation into a fatal construction accident, according to the U.S. Department …

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Markets/Coverages: Aon Launches Insurance Facility for Full Lifecycle of Data Centers

Insurance Journal

Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As global investment in digital …

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Insurance Coverage for Alleged Violations of the Wage Transparency Statute

WA Bar News

Businesses that carry Employment Practices Liability Insurance (EPLI) may have coverage. EPLI coverage typically insures things like discrimination, harassment, and inappropriate employment conduct. Insurers, however, have been contesting coverage. Insurers, however, have been contesting coverage.

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Lack of Proper Insurance Coverage for Data Centers Presents Pitfalls

Insurance Journal

As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying close attention to policy …

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Michigan Construction Company Sued for Allegedly Scamming Customers

Insurance Journal

Michigan Attorney General Dana Nessel announced a lawsuit against Hummingbird Construction Co., LLC and its owner, Matthew Ashline, for allegedly scamming multiple customers by accepting deposits for construction projects never started and then failing to return the funds. The lawsuit, …

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Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse

Insurance Journal

A Thai-Chinese company denied Monday allegations its steel rods did not pass safety standard tests after nationwide criticism prompted an investigation into the collapse of a high-rise building under construction after an earthquake last month in Bangkok. Authorities are probing …