News

The Top 3 Safety Factors Affecting Construction Teams Today (Source: Construction Business Owner)

With the ever-increasing focus on safety in the construction industry, it is important to consider safety from a broad perspective—including everything from specific practices adopted on-site to companywide process and cultural changes that impact the way projects are approached. A recent set of

7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge (Source: Insurance Journal)

The Atlantic hurricane season, which began June 1, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report.That’s 300,000 more homes and $200 billion more in reconstruction costs since last year’s report. This is the

Hurricane Season is Here: Are you Prepared?

Hurricane season begins on June 1st and runs until November 30th with the peak period between August and October. According to the National Oceanic and Atmospheric Administration (NOAA), the 2019 Atlantic hurricane season will be near-normal. Although predictions for hurricane season in Virginia

Surety Bond Producers Keep Eye Out For Illegal Waivers (Source: Engineering News-Record)

A report from the annual convention of surety brokers and agentsThe surety bond industry regularly reminds state and local governments, politely, that public works in all states must involve surety bonds.That’s the law. And the National Association of Surety Bond Producers, the bond brokers

New Test for Distracted Driving: Textalyzers (Source: Cincinnati Insurance)

Lawmakers in a handful of cities and states – Nevada, New York, New Jersey, Tennessee and the city of Chicago – are considering allowing police to use devices called textalyzers to test for suspected cell phone use at the scene of car accidents.A textalyzer device can provide on-the-spot

Core Assurance Partners Recognized for Exceptional Customer Commitment and Service

Core Assurance Partners Recognized for Exceptional Customer Commitment and Service Agency selected for The Hanover’s President’s Club Core Assurance Partners recently was selected for The Hanover Insurance Group’s President’s Club, an elite group of independent insurance agencies from across the

Maritime Cyber-Crime Under the Spotlight (Source: Lloyd’s List)

Shipping is increasingly exposed to risks of cyber-crime. But while the 2017 Maersk attack was widely reported, better communication and regulation may be required to prevent further attacks. Criminals are beginning to focus on shipping, and specifically ports, as their centralised

New Capacity Having Positive Results on Performance; Port Handles 240,000 TEUs in March (Source: The Port of Virginia)

NORFOLK, VA – The Port of Virginia® in March processed 240,035 TEUs (twenty-foot equivalent units), making it the second busiest March in the port’s history.Though cargo was off nearly 5 percent compared with last March, the port is handling near-peak season volume, says John F. Reinhart, the

How Best-in-Class Contractors Win the Trust of Surety Carriers (Source: Risk & Insurance)

According to a recent article from Risk & Insurance, to win bids on big projects, construction companies first need to win the trust and support of a surety carrier.A surety bond not only protects project owners and investors from financial loss, but provides reassurance that the work will