Owners of a New York sewer plant have sued the insurance company in federal court for more than $3.5 million over its denial of coverage for a wall collapse last year.

A Greensburg, Pa.-based insurance agency is offering a new insurance product that it says combines claims-made errors and omissions coverage with the occurrence general liability form.

Today’s construction industry is in a crisis mode in many areas of the country. Extreme financial pressures are being brought to bear on contractors. Money has tightened up. Cutthroat bidding exists. Contractors are finding their profit margins dwindling.

After touting the numerous benefits of acquiring HomeWise Holdings last month, Florida-based 21st Century Holding Co. has announced that both sides have called off a planned merger.

Companies who rent, lease or operate cranes are the target for a new program launched by Chicago, Ill.-based CNA Select Risk.

To help meet the need for added coverage to those working to improve the nation’s infrastructure, Travelers is paving the way with a new highway, street and road contractors program.

A month after being placed into rehabilitation, a Miami, Fla.-based insurance company and its subsidiary are to be liquidated.

Leon County Circuit Court Judge Charles A. Francis issued the order for …  Read →