Want to know more about what to expect in the insurance marketplace but don’t have time to read a 10+ page State of the Market? Interested in emerging trends and market or capacity changes? Gain the key marketplace insights you need at just a glance with our easy-to-read 2025 guides.

Are you navigating the complex risks of construction? From crane collapses to scaffolding falls, securing the right insurance is crucial but challenging. How can you ensure your clients’ projects are covered? Discover helpful strategies to help safeguard their construction endeavors in our latest article.

Some construction projects pose greater difficulty in obtaining insurance coverage, including those utilizing EIFS cladding, projects planned on difficult terrain or in urban areas, and structures using modern, engineered timber. Specialist wholesale brokers can provide the guidance needed to find the most appropriate coverage for unique or challenging builds.

New York State Labor Law sections 240 / 241, known as the Scaffold Law, has created a litigious environment and made it difficult for contractors to obtain insurance. However, proposed legislation would reform the Scaffold Law on projects with federal funding. Could the bill pass? And what would it mean for the insurance market in New York?

As the U.S. embarks on a nationwide infrastructure upgrade, a challenging casualty insurance market may make for
a bumpy road. Millions of miles of roads as well as thousands of bridges and dams need repair across the country. A massive federal program aimed at addressing those needs is getting underway even as contractors face shortages of skilled labor and tight material supplies following the pandemic-related supply chain logjams. Social inflation is also generating other roadblocks as liability verdicts soar into the tens of millions of dollars. In the current legal environment, insurers have been pulling back on casualty coverage for public works projects, particularly those involving streets and roads, to limit their own exposure. As placements become more complex, experienced wholesale brokers with strong market relationships can be an invaluable ally for meeting insureds’ casualty insurance needs.

Turmoil in the property market, higher interest rates, and a slowing economy are complicating the Builder’s Risk market. Capacity is available but with higher deductibles and stronger risk mitigation requirements. Increasingly complex placements require skilled brokers with strong market relationships to get the job done.

Not sure what to expect when it comes to premium or terms and conditions? Interested in which lines of business may be seeing limited capacity or markets? Learn what to expect in the 2023 marketplace with our annual easy-to-read quick reference guide.

Construction projects are often complex undertakings, involving a variety of different stakeholders, including contractors, architects, designers, subcontractors, suppliers, and project employees. With several entities involved, the potential liability exposures of construction projects can be extensive. While project owners typically require subcontracted design professionals and construction managers to carry Architects & Engineers (A&E) insurance, coverage for a project owner under an A&E policy is still far from guaranteed.

The insurance market can be a tough place for Florida’s residential subcontractors working on new construction. While there are
still sufficient standard markets on the commercial side for small subcontractors, those working on new residential construction
such as condos, tract homes, and townhomes are finding it’s more difficult to obtain coverage. This makes it challenging to meet the insurance requirements often set by general contractors or lenders.

Hyperinflation of material, labor, and equipment costs is having widespread ramifications for the construction industry, including project funding issues, cancellation of contracts, and contractor defaults. Despite the flurry of current construction happening around the country due to infrastructure investments and the demand for new housing, it’s a challenging time, especially for smaller trade contractors. In 2021, the annual construction input inflation rate reached a shocking 19.6%. For the sake of perspective, the non-residential construction inflation rate was 4.4% in 2020 and 1.8% in 2019. The vast majority of contractors in today’s industry haven't had to navigate an inflationary environment that exceeded 5% for more than 30 years, which means many have never experienced hyperinflation and are struggling with how to handle it as well as the negative impact it can have on the bottom line (source 4).

After the rapid price increases of recent years, the frame builders' risk market has stabilized, but carriers remain disciplined about rates. While capacity is adequate, carriers are looking at the aggregation of projects in areas and declining or limiting capacity on those in close proximity to each other or insured by the same company. Ensuring continuity of terms/conditions around coverage, warranties, and deductibles on quota share placements is also essential when seeking coverage.

Wondering if premiums will increase or if changes to terms and conditions are coming? Curious about which lines of business may have limited markets or excess capacity? Here’s what clients can expect to see in the 2022 marketplace, all in an easy-to-read quick reference guide.

The North American Industry Classification System (NAICS) reports that there are around 1.3 million U.S. contractors with annual revenues of less than $5M. While virtually all are protecting their businesses with General Liability, Workers Compensation, and other insurance coverages, many have failed to consider purchasing professional/pollution liability insurance, even though both are not covered under a typical commercial general liability (CGL) policy.

When the coronavirus struck in early 2020, construction projects all around NYC were halted throughout April and May as officials scrambled to outline pandemic restrictions. Unfortunately, with strict lockdowns and safety guidelines required to slow the spread, the construction market in New York contracted by 3.8%, resulting in $9.8 billion in lost construction over the course of the year.

Anytime an area is hit with a catastrophic event, like a hurricane or wildfire, the cost of labor and building materials temporarily rises due to increased demand as communities and businesses rebuild. 2020 brought a total of 63 catastrophic events including Midwestern tornadoes, Western wildfires, and Southeastern hurricanes on top of the COVID-19 pandemic - a catastrophic event unlike any in recent history.