Emerging risks in modern construction: sustainable materials and new technologies
The construction industry is evolving fast. More and more contractors and developers are adopting sustainable materials and new technologies to shorten schedules, improve energy efficiency, and reduce environmental impact. Solutions like cross-laminated timber (CLT), prefabricated systems, and building-integrated photovoltaics (BIPV) are no longer niche—they’re becoming mainstream. But innovation also reshapes a project’s risk profile. Understanding […]
The New York City Crane Collapse of 2023: The Importance of Construction Insurance
The iconic skyline of New York City is renowned for its dazzling lights, towering skyscrapers, and, unfortunately, its construction cranes and unattractive scaffolding. On July 26, 2023, a crane situated atop a 45-story building in the heart of Manhattan suddenly caught fire and partially collapsed. It sent the crane’s arm and its 16-ton concrete load […]