What Happens If My Subcontractor Lacks Insurance and Is Responsible for a Claim?

Subcontractors play a big role in construction projects across the U.S., employing about one in five workers in the industry. They bring special skills and help get projects done on time and within budget. But what happens if a subcontractor doesn’t have the right insurance and something goes wrong? John Hughes, a construction underwriting expert … Read more

"A Snail’s Pace: Brokers and Agents Speak Out on the Slow Technological Progress in Commercial Lines"

Oscar Seikaly, CEO of Florida’s NSI Insurance Group, says the commercial insurance sector is still stuck in the past, dragging down brokers and agents who want faster service. Despite years of digital upgrades in the insurance world, commercial lines remain slow and manual, causing frustration across the industry. Seikaly pointed out that while personal insurance … Read more

Insights from Executive Jenee Green

Jenee Green from AMH Group Insurance and Risk Management shared fresh perspectives on the insurance industry in a recent interview with IBTV, in partnership with NAAIA. She spoke about injecting new energy into the field and addressed some of the resistance faced by diversity, equity, and inclusion efforts. Green’s conversation shines a light on the … Read more

The Emergence of Megaprojects: Why Construction’s Expanding Scope Requires Greater Efforts from Brokers and Carriers

The construction world is seeing a boom in massive projects worth billions of dollars. These huge builds, which can take years and cover large areas, are pushing the limits of what builders and supply chains can handle. This surge is driven by heavy spending on infrastructure, a rush to build data centers, and new projects … Read more

Zurich Insurance Achieves Record $4.2B H1 Profit Fueled by Middle Market and Specialty Segments

Zurich Insurance Group has reported impressive results for the first half of the year, with business operating profit rising 6% to a record $4.2 billion. The company’s core return on equity also reached an all-time high of 26.3%, highlighting strong financial health. CEO Mario Greco credited this success to Zurich’s smart approach to underwriting and … Read more

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Flooding is becoming a regular and serious problem in Texas, with some communities facing the risk of repeated damage. Experts on housing and urban planning are now urging the state to start a voluntary buyout program. This would give residents living in high-risk flood areas a chance to move out safely. About 5 million people … Read more

How Does the Transfer of Contractual Risk Function?

In the construction world, contracts do more than just set the scope of work—they decide who is responsible if something goes wrong. This idea is called contractual risk transfer, and it’s something contractors and business owners need to understand to avoid unexpected costs and keep insurance affordable. Tanner Webb, a construction underwriter at Central Insurance, … Read more

Tesla Obtains Texas Rideshare License for Robotaxi Service

Tesla has received approval to operate a rideshare service in Texas, marking a new step for the company’s self-driving taxi ambitions. Tesla Robotaxi LLC has been granted a transportation network company license by the Texas Department of Licensing and Regulation. This license allows Tesla to run its robotaxi service alongside other ride-hailing giants like Uber … Read more