Dealing with Increasing Cyber Risks in the Construction Industry
The construction industry is embracing technology at an increasingly rapid pace for both project modeling and day-to-day operations. Construction equipment and control systems are also expected to become increasingly automated in the next few years. This undoubtedly makes the construction industry more efficient both in terms of enterprise systems and project completion, but relying on…
Arthur J. Gallagher & Co. Acquires Cain Insurance Services Ltd.
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Fredericton, New Brunswick-based Cain Insurance Services Ltd. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services is a retail property/casualty broker offering commercial and personal insurance to clients throughout the region. Cain has broad expertise, with particular strengths in serving clients in…
Reducing Insurance Costs though Documentation and Data Management
Operating any business, especially a construction business, requires the company to purchase insurance as a form of protection. The costs of insurance can be substantial to ensure the company is adequately covered and protected. Insurance costs tend to increase depending on the level of risk of the company. Besides shopping for competitive insurance policies, are…
Travelers Teams Up with Procore to Help Contractors Manage Total Cost of Risk
The Travelers Companies, Inc. (NYSE: TRV) today announced an exclusive agreement with Procore, a leading provider of construction management software, to help contractors manage the total cost of risk through improved operations and job-site safety. Procore’s construction platform connects entire project teams, from the office to the field and across companies. This provides key stakeholders –…
Catalyst Expands Product Offerings, Launches Commercial Insurance Division
Charlotte-based Catalyst Surety Partners, LLC (Catalyst), with plans to open a Columbia office in April, recently announced the formal launch of a commercial insurance division. Since the agency’s founding in 2014, Catalyst’s singular aim has been to help contractors succeed. To date Catalyst has worked to live up to that aspiration by providing just one…
2020 Insurance Market Review and Forecast
Change. Transformation. A touch of chaos. Sentinel’s 2020 Insurance Market Forecast reads like a good suspense thriller. And like all great books do, this one ends with the good guys (that’s you, commercial insurance consumer) coming out on top. Provided, of course, that your business’s risk management house is in order. Download Report
McDonald York Named Safety Lightkeeper of the Year
Sentinel Risk Advisors this week announced that McDonald York Building Company, a Raleigh-based construction firm with deep roots and a storied history, is the recipient of the risk management firm’s Lightkeeper Award, an annual recognition of clients that have elevated safety and loss control programs to superior standards. Sentinel’s Chief Operating Officer, Nicole Winkle, said…
Scope of Work Changes Leading Cause of Construction Disputes
Changes to a construction project’s scope of work was identified as the most frequent contributor to disagreements between owners and contractors according to a report by HKA, a leading construction claims and dispute resolution firm. The company recently released: 2019 CRUX Insight, A Global Market Sector Analysis into claims and dispute causation factors. HKA publishes…
One-in-Four Businesses Do Not Use Data Security Software to Defend Against Cyberthreats
Today, in recognition of National Cybersecurity Awareness Month, Paychex, Inc., a leading provider of HR technology solutions for human resources, payroll, benefits, and insurance services, is sharing new insights from a survey of 500 business owners with one to 500 employees about the impact of data security on their organizations. According to the Paychex study, despite the…
With Hurricane Looming, Create a Simple Family Communications Plan Now
It’s a terrible feeling, not being able to get in touch with family and close friends when a natural disaster strikes. Sentinel advises that Carolinians in the path of Hurricane Dorian have some kind of family communications plan to send and receive information in the event of widespread, or prolonged, power and telephone outages. That…
