RelayRides, a car-sharing service matching owners with third-party renters, agreed to stop conducting business in New York after Superintendent of Financial Services Benjamin M. Lawsky called its insurance coverage illegal and inadequate.

RelayRides, a car-sharing service matching owners with third-party renters, agreed to stop conducting business in New York after Superintendent of Financial Services Benjamin M. Lawsky called its insurance coverage illegal and inadequate.

In the residential-construction industry, plaintiffs attorneys are coming up with new creative ideas for class-action lawsuits, executives saya shift from suits filed by individual owners to more inclusive product claims, such as the Chinese drywall class-action lawsuit settled last year for $80 million.

A rise in residential-construction projects in pockets around the countrynamely in Boston, Texas and Northern Californiaand a growing need for skilled workers will characterize the construction industry throughout 2013 and into 2014, says Tom Varney, head of Allianzs Risk Consulting business. And thats where proper risk management, job training and...

As the construction industry slowly edges its way back to something resembling normal levels of activity, a new set of concerns are on the minds of the segments insurance carriers.

Todays commercial construction firms are becoming better educated on the types of protection they need, such as Builders Risk, and on how it can help their business succeed, says Chris Smith, vice president and managing director for Turner Surety & Insurance Brokerage (TSIB) of Woodcliff Lake, N.J.

Insurance rates in the state have risen steadily over the past five years, since the New York lawmakers enacted statutes to its Workers Compensation Law to give broader rights to injured construction employees.

Insurance rates in the state have risen steadily over the past five years, since the New York lawmakers enacted statutes to its Workers Compensation Law to give broader rights to injured construction employees.