Below you'll find a list of all posts that have been categorized as “Uncategorized”
National Underwriter’s Top 100 and Heads of the Lines lists – the data for which is provided by S&P Global Market Intelligence – today offer a look at which P&C groups are premium leaders in 11 key lines: Private Auto, Commercial Auto, Commercial Multiperil; Inland Marine; Workers’ Compensation; Product Liability; Fire; Ocean Marine; Surety; D&O; and stand-alone Cybersecurity. Read more …
The legal doctrine of implied fitness of design warranty, recognized by the U.S. Supreme Court, provides that a contractor bound to build according to plans and specifications prepared by an owner will not be responsible for the consequences of defects in the plans and specifications. United States v. Spearin, 248 U.S. 132 (1918). Responsibility will remain with the owner, even …
For decades, the gritty northeast San Fernando Valley has gone without movie theaters, playhouses, art galleries and production gizmos associated with high-tech Hollywood. No more. As builders put the final touches on a nearly $50 million Arts, Media and Performance center to open this fall at Los Angeles Mission College, administrators prepare to rock a cultural powerhouse designed for screen, …
It’s summer, which means home building should be heating up. But in many parts of the country, construction activity isn’t growing as fast as it could be — thanks to a lack of workers. The construction industry’s unemployment rate is at a record low. It was at 5.3 percent in May — the second-lowest rate since May 2000, according to …
When the Oakland Raiders received a $750 million commitment from the Nevada Legislature in October to help build their future home in Las Vegas, they also were directed to ensure the greatest possible participation by the local community in the design, construction and operation of the stadium. Read the full article >>>
The increase in private sector construction activity and low unemployment most likely means the states that lost construction jobs are having trouble finding enough workers amid the skilled-labor shortage, AGC Chief Economist Ken Simonson said in a release. Tell me more >>>
Although other forms of security are possible to secure performance of a construction contract, corporate surety performance bonds remain the construction contract guarantee of choice for owners in both public and private projects. Read the full article >>>
As President Donald Trump unveils elements of his infrastructure plan this week, Democrats are attacking it as a betrayal of basic government responsibilities. This “privatization,” as they call it, would sell out rural America and allow companies to exploit public assets like roads and bridges. Read more here >>>
A few years ago, I wrote a blog post entitled “The P3 Wars” in which I provided a brief explanation of how a P3 (i.e., a public-private partnership) works, and the general arguments for and against the use of P3s. More recently, President Trump proposed a $1 trillion U.S. infrastructure plan that likely includes the use of P3s. Although no …
The City has partially settled with the previous contractor’s bonding company Old Republic. Old Republic has agreed to cover the additional cost of construction due to changing contractors and the faulty work done by MAG, LLC. This has allowed the city to select a new contractor to finish the project. There are additional costs associated with the default, but the …
