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Nationwide claim representatives and agents are prepared to assist customers should Tropical Storm Hanna become a weather-related disaster.
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Georgia Home Builders Association fights with Builders Insurance Group over fees, compensation, and control.
The Florida State Supreme Court rules that an insurance company must pay builders for defects claims.
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As of late Monday home builders were still assessing the damage from the weekend fires in Malibu, Calif., that destroyed 53 homes and damaged another 34. The state Office of Emergency Services (OES) said the Malibu fire, which was caused by an undetermined human intervention, was 90 percent...
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The U.S. Department of Housing and Urban Development announced earlier this week that it reached settlements with six home builders who allegedly established title insurance companies that took payments for a portion of the insurance risk. The agreements stem from alleged violations of the Real...
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- Allstate stops writing new homeowners policies in California to help control its disaster exposure in the state, which is prone to wildfires and earthquakes.
- Sluggish home sales in many metro areas have made it more difficult for corporate employers to negotiate job relocations.
- Police...
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Home builders in Colorado vow to fight a new law that prohibits a builder from having a home buyer going through the notice and opportunity to repair (NOR) process waive his right to file a lawsuit for a construction defect.
- A new deduction for mortgage insurance premiums gives buyers another financing option.
- A Florida circuit court in January awarded Pulte Homes $1.16 million for impact fees it paid to cover school construction in Osceola County.
- Builders looking to get out from under pricey inventory...
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AN ORGANIZATION FORMED TO RECOUP the remaining assets of the Home Owners Warranty (HOW) Insurance Co. estimates that roughly 6,000 builders may be able to recover a total of $80 million.
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ALTHOUGH ROUGHLY HALF OF THE STATES have passed notice-and-opportunity-to-repair (NOR) laws, which let builders offer to repair a defect before the homeowner can sue, some states have found that more is needed to help counteract rising defects lawsuits and general liability insurance rates.
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RESIDENTIAL CONSTRUCTION in Florida received a temporary reprieve in late July, when Citizens Property Insurance Corp. agreed to continue writing builders risk policies through the end of 2006.
BRIAN PATRICK, A BUILDER BASED IN NORTHERN California, remembers that when he was growing up in Southern California in the 1960s, his uncle was a mason and always had Mexicans working for his company. The workers would be on hand during the height of the building season and then go back to Mexico...
IN A UNIQUE COMPROMISE, LAWMAKERS IN MINNESOTA crafted a bill that included a notice and opportunity to repair (NOR) law that builders sought for two years and also contained assurances for homeowners that they can make a warranty claim even if a building company is dissolved.
Many small businesses lack plans to weather—and recover from—a disaster, whether it's natural or man-made, unique to their business or affecting an entire region.
A judge in Jefferson County, Ala., has ruled that home builder Henry Lambert Construction must pay workers' compensation benefits for life to an illegal Hispanic worker who is now partially paralyzed from a March 2004 fall. He was 17 at the time of the injury.
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I COULDN'T BELIEVE MY EYES AS I WATCHED THE INCREDIBLE human suffering and physical damage inflicted by Hurricane Katrina: people being airlifted from roofs, homes floating down what were once streets, people sifting through rubble for traces of belongings or relatives, corpses draped with blankets...
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HUD HELD A SERIES OF INDUSTRY roundtables over the summer on the mortgage rules under the Real Estate Settlement Procedures Act (RESPA).
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State regulators in Oregon and the state's HBA have called for a study of the relationship between an increase in buyer complaints and defects cases and steep increases in liability insurance. The nine-member task force will include representatives of the construction and insurance industries and...
DAWN WAS BREAKING ON A mid-April morning when fire and rescue teams responded to a call that a house under construction by a local builder in Sammamish, Wash., was burning.
THE NAHB'S METHODICAL, STATE-by-state approach to solving the general liability insurance crisis by passing notice and opportunity to repair (NOR) laws nationwide is starting to make headway.