Keyword
construction
Crane accidents ‘a huge concern’ after fourth incident in Metro Vancouver
March 6, 2024 Chuck Chiang and Brenna Owen – The Canadian PressIn 30 years of working in construction, Josh Towsley says this is a first, after Metro Vancouver saw its fourth crane accident since the start of the year. “I’ve been involved in construction since I was 19 years old ……
Why strong housing markets have builders tweaking their insurance
September 14, 2023 Philip PoradoBooming real estate markets in many Canadian cities have top-tier developers considering building sites they might previously have written off. “Here in Toronto, we know the city was heavily industrialized with old manufacturers that were there 100 years before going…
How NFP’s updating construction and infrastructure operations
September 7, 2023 Philip PoradoProperty and casualty broker NFP announced it will integrate its surety practice into its Construction & Infrastructure (C&I) group, which supports companies in the construction space. These changes impact operations worldwide, including Canada, NFP said. “Surety plays a vital role…
Court sides with Trisura in $475K construction bond case
March 22, 2023 by David GambrillTrisura has successfully defended a $475,000-plus claim against it after a B.C. court found a construction subcontractor couldn’t prove it had a formal contract with the principal contractor named in Trisura’s labour and materials (L&M) payment bond. “I…do not accept…
Unexpected construction issues, rising labour costs increase pipeline cost to $14.5 billion
February 1, 2023 Amanda Stephenson - THE CANADIAN PRESSCALGARY – The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs. Calgary-based TC Energy…
Paid Water IoT: A game-changing water monitoring technology for high-rise construction projects
October 1, 2022 Northbridge General Insurance CorporationIn the insurance world, it’s often said that ‘water’ is the new ‘fire.’ And the new normal for annual catastrophic losses related to water damage is around $2 billion, according to the Insurance Bureau of Canada (IBC). But the problem…
One key difference between a builders’ risk policy and a liability policy
August 30, 2022 by David GambrillStarr Insurance & Reinsurance Limited does not have to defend its insured in a Quebec construction case, because its builders’ risk policy is essentially a property policy, not a liability policy, Quebec’s Superior Court has ruled. In construction, a builders’…
Trial required to assess Zurich’s right to rescind surety bonds: Appeal Court
August 25, 2022 by David GambrillAs a matter of legal principle, Zurich can rescind performance and payments surety bonds based on fraud or misrepresentation, even if that would affect the rights of innocent third parties in a construction dispute, Ontario’s Court for Appeal has ruled.…
Court orders Travelers to defend “your work” exclusion case in Quebec
August 17, 2022 by David GambrillQuebec’s Court of Appeal has rejected Traveler’s challenge of a Wellington-style motion that requires the insurer to defend a construction contractor in a “your work” exclusion case against Quebec’s attorney general. The appeal court also rejected Tuesday Traveler’s motion to…
Why the pandemic hit these Canadian sectors particularly hard
August 16, 2022 by Jason ContantHospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of…
Two dead, 10 injured in multi-vehicle crash on highway south of Montreal
July 21, 2022 The Canadian PressBROSSARD, Que. – Quebec provincial police say two people are dead and 10 injured after a multi-vehicle crash Tuesday night on Highway 30, south of Montreal. Police say the driver of a truck allegedly did not slow down when approaching…
The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado
June 17, 2022 Keith PorterBy Keith Porter, adjunct research professor, civil and environmental engineering, Western University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original…