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.
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.
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.
Many carriers are overcautious when it comes to mass timber construction, leaving insureds with a case of sticker shock. But as the sustainable building material’s popularity grows, some insurers are leading the way with better guidelines and more tailored coverage.
While AI has penetrated awareness in the larger culture, construction companies have been delving into it themselves in recent years including using it to optimize work schedules, to improve workplace safety, and to keep a close eye on construction sites.
Learn what happens when 3D-printed construction projects fail to deliver and risks start getting real in a brave new world at the CLM 2023 Construction Conference.
This year, 6 brokers from across the brokerage field were named as the 2023 Construction Power Broker winners. An additional five brokers were named as finalists.
“I don’t know that we do enough with people to let them know what’s available and what kind of life you can live by being part of this great industry. I get up every morning looking forward to my work. I love what I do, and I think that’s important.”