Pellen is seeing more contractors dig into their own data to get to the root of claims.

Falls, slips and trips account for nearly 40% of work-related injuries and causing over 300 deaths annually in the construction industry.

Labor shortages impact not only the speed at which a project can be completed, but can degrade the overall safety environment at a work site.

This year 6 brokers were selected as Construction Power Brokers. An additional three were named as finalists.

Labor and interest rate issues have been top risk concerns for the construction sector in recent years. Construction supply chain risk management is also a key focus.

IBHS’s Wright on how the insurance industry is approaching disaster mitigation through innovative building standards and state-level partnerships.

Insureds are encountering more challenges when purchasing builder’s risk policies.

“Relationships are certainly important, but how well you serve your customer and help them solve their problems is how your level of success is defined.”

A look at this year’s Construction Theo Award winners.

This family-run construction company improved care and reduced costs with telemedicine and a robust return-to-work program, emphasizing employee engagement and trust.

This construction firm supported remote workers with on-site medical and mental health care, ensuring well-being and reducing health care costs.

Construction fatalities rose nearly 40% from 2011-2022, with falls and transportation incidents as leading causes of worker deaths, according to a data bulletin from The Center for Construction Research and Training.

By working to improve employee mental health in construction, Jason Malatak is also addressing a range of other issues, from quality of work to employee retention.

Amidst a steady construction activity level, NYC sees a 36% drop in fatalities in 2023 but a troubling 25% rise in injuries, according to the New York City Department of Buildings’ annual report.

QBE survey reveals cybersecurity threats, financial challenges, and labor shortages as the industry’s top concerns

Navigating the complexities of insuring billion-dollar ‘mega projects’ in the construction industry, Adrian Pellen of NFP shares insights on leveraging data, technology, and innovative insurance products to manage risk.

When it comes to managing construction defect claims, insureds should be looking for an insurance partner that has a sharp eye on the market and is keeping pace with today’s trends.

The U.S. construction insurance market is stabilizing after a challenging period, but will still face rate pressures due to inflation, interest rate uncertainty, and rising claims costs, according to a recent WTW report.

The young broker talks building a career in insurance and working as a woman in a male-dominated industry.

For the savvy risk professional, the one charged with great power to protect construction workers and the bottom line, becoming a mitigation hero is more than a necessity — it’s a responsibility.