Contractors are bleeding and insurance won’t save them, warns industry professional

Profit climbs, returns improve, and underwriting beats targets Source link

The council includes representatives from the insurance industry, regulatory agencies, consumer advocacy groups, environmental and climate science, construction, academia, and emergency management. Its latest progress report details the formation of three subgroups, each tasked with developing a specific component of the overall strategy. Source link

The case, Pelc v. Southington Dental Associates, P.C., centered around a $1,037,570 settlement awarded to Francesca Pelc, a dental assistant injured at work in 2006. The disagreement was over the $185,247 in attorney fees approved as part of that settlement, which had been sitting in escrow while the two firms – Levine & Levine and…

Contractors and their work are vital to the nation’s economy. In 2024, the construction industry contributed approximately $2.2 trillion—around 4.5% of the nation’s GDP. With over 8.2 million employees, the sector is essential for job creation and economic growth.  In the Northeast, where infrastructure projects, urban development, and historic renovations are common, construction plays an…

Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. Source link

Acquired firm, in business since 1923, specializes in professional liability Source link