New York State recorded 55 construction worker deaths in 2024, with non-union sites, Latinx workers, and declining OSHA activity emerging as critical risk factors, according to NYCOSH.
Soaring project values, catastrophe losses, and nuclear verdicts are reshaping coverage terms across property, casualty, and surety lines for the construction sector, according to Aon.
A new report from Zurich North America outlines six critical risk areas facing data center construction and operations as the sector races to meet AI-driven demand.
Firms with fewer than 20 employees represent more than 90% of construction payroll and face disproportionately higher fatal and nonfatal injury rates, according to CPWR — The Center for Construction Research and Training.
Poor communication contributes to nearly 70% of workplace incidents, underscoring the business case for fostering psychological safety in construction and other high-risk industries, Gallagher Bassett says.
Construction costs for a single data center location can exceed $20 billion — double once technology is installed — creating concentration exposures in catastrophe-prone areas, according to Swiss Re Institute.
Federally funded infrastructure projects propel recent surety market premium growth and demand for surety bonds among contractors and developers: AM Best.
Understanding the coverage gaps between general liability, professional liability, and pollution policies can help contractors avoid costly surprises when claims arise.
In this fictive scenario, a construction company’s founder dies suddenly, leaving his sons to discover a costly gap in their knowledge that threatens everything he built.
Multiple converging forces from climate change to AI adoption are fundamentally reshaping how insurers assess risk and process property insurance claims, according to Sedgwick.
Analysis of data reveals construction workers are nearly four times more likely to die from heat exposure than workers in other industries, with fatalities climbing 77% over the past decade, the CPWR reports.