Insurance News – July 17, 2012 To help contractors minimize subcontractor performance risks, the North America Construction insurance unit of XL Group plc (NYSE: XL) today announced two new subcontractor prequalification programs, through strategic partnerships with Houston-based SureTec Information Systems, Inc. and ConstructSecure, a Marlborough, Massachusetts-based construction technology firm. The programs provide independent evaluations of… Continue reading XL Group Introduces New Subcontractor Performance Risk Mitigation Programs
Tag: Subcontractor
No Coverage for Property Damage That is Limited to Work Completed By Subcontractor
Tred Eyerly – April 16, 2012 The issue before the 11th Circuit was whether, under Florida law, a general contractor had coverage for a property damage claim limited to the defective work performed by a subcontractor, and not affecting any other portion of the project. The court found no coverage in Amerisure Mut. Ins. Co. v.… Continue reading No Coverage for Property Damage That is Limited to Work Completed By Subcontractor