California Homeowners’ Suit Against Builders Revived
A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went...
View ArticleOhio Court: Builders Must Construct Homes in ‘Workmanlike Manner’
Ohio’s high court has held that home builders have a duty imposed by law to construct a home “in a workmanlike manner using ordinary care,” despite the wording of any warranty document. The Supreme...
View ArticleDisputes Arise Between Home Builders, Owners in Joplin Rebuild
The size and value of homes being built in tornado-ravaged sections of Joplin, Mo., are causing contention between some builders and homeowners, but city officials say they can do little to mediate the...
View ArticleCove Programs Expands Product Offerings in Homebuilders Market
Cove Programs has expanded its product offerings and staffing to support the most recent national increase in homebuilding. In addition to its program for larger production homebuilders in the country,...
View ArticleHow Agents Survived a Falling Housing Market
It has not been easy being an insurance agent specializing in the homebuilders insurance market during one of the worst economic recessions in U.S. history. Survival in the recession meant change and a...
View ArticleProSight Specialty Launches “Pay as you Build” Builders Reporting Policy
ProSight Specialty Insurance, a global insurance group in the construction industry, has launched a new product that will provide residential and commercial contractors with additional cash flow...
View ArticleBHSI Launches Homebuilders Liability Coverage
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its construction-focused capabilities with the introduction of the Homebuilders Liability Insurance Policy, which extends flexible protection...
View ArticleBrokers Assess Current Construction Insurance Market: Thumbs Up
Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance specialists believe the market is really heating up. The...
View ArticleConstruction Firms Face Soaring Lumber Prices
Skyrocketing lumber prices threaten to thwart the momentum of the U.S. housing market, which for months has been one of the brightest stars of the recovery from the pandemic recession. At the onset of...
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