Cut Your Risks: Build – or Rebuild – Sustainably

This article was contributed by Carrie Van Brunt-Wiley, Editor of the HomeownersInsurance.com blog. Carrie has been writing insurance news and consumer information for HomeInsurance.com since 2008. She graduated from the University of North Carolina in Wilmington in 2005 with a B.A. in Professional Writing and Journalism. Green building practices do more than protect the environment, […]

Louisiana Contractors – Workers Compensation Insurance

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. In my everyday practice, I feel like the trend is still prevalent in the construction industry. The main reason being is due to the exorbitant price of this insurance on contractors. Workers Compensation is […]

Construction Insurance Rates Predicted To Increase

According to a recent Press Release from Marsh, a leader in insurance broking and risk management, construction firms across the U.S. will be facing new challenges in the upcoming year. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent. Firms with poor loss histories will receive […]

Hurricane Isaac – Are You Prepared

This week New Orleans and south Louisiana are preparing for Hurricane Isaac to have an impact on the region. With these type of events come an aftermath where property owners and contractors are left scrambling to put the pieces back together. The best way to quell the negative effects of an event like this is […]

David v. Goliath – The Difficult Task of Fighting Your Insurance Company

I was recently speaking with a client about the posture of a pending case and the client was surprised to know that nearly all of the insurance companies that were originally brought into the suit had whittled their way out due to policy limitations, lack of coverage and policy exclusions. Most laymen, including contractors and […]

Tropical Storm Lee – Prepare for Insurance Claims

Contractors and property owners should be very knowledgable of the claims process after a natural disaster. Over the Labor Day weekend the New Orleans metro area, along with southern Louisiana experienced high winds and double-digit rainfall totals due to Tropical Storm Lee. Contractors who have equipment, property and unfinished work need to report any flood, […]

Are Chinese Drywall Losses “Uninsured?”

Late in July, "ClaimsJournal.com" published an online article titled:  "Chinese Drywall:  Builders and Subs Face Huge Uninsured Losses."   The article's author takes its reader through a number of hot-button issues related to the insurance coverage available to homeowners and builders for Chinese Drywall damages. Calling the per house damages "astronomical," the article warns that many […]

Some Claim Insurance Will Not Cover Chinese Drywall Losses. Is it True?

The Controversy and Uncertainty This much is clear:  it is not certain how the courts will interpret insurance policies and insurance policy exclusions, as they apply to Chinese Drywall claims. Many predict that the insurance industry will rely on what is called a "pollution exclusion" to deny Chinese Drywall insurance claims. A South Carolina Construction […]

Green Building and Risk Management

Just recently, the U.S. Green Building Council published an update to its readers explaining Risk Management issues to its readers, explaining that while green building is growing even in the current U.S. Economy, it presents unknowns that makes it difficult for the industry and insurance underwriters to manage risks. Here is a snippet: Underwriting insurance […]