NEW YORK, July 17, 2012 /PRNewswire/ -- To help contractors minimize subcontractor performance risks, the North America Construction insurance unit of XL Group plc (NYSE: XL) today announced two new ...
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The subcontractor issue that can create a liability mess on your property
When you hire a contractor, you expect them to handle the job and the people they bring with them. In reality, the subcontractors they choose can quietly shift legal and financial risk back onto you ...
Subcontractor defaults often cause major problems for construction projects which, in turn, cause problems for the general contractor vis-à-vis the owner. Subcontractor defaults often cause ...
Headlines such as “US set for recession next year, economists predict,” from the June 12 edition of the Financial Times, are a reminder insolvency risks are real and should be top of mind when moving ...
A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to ...
Axa XL Insurance has promoted Cheri Hanes, formerly subcontractor default insurance construction risk engineering manager, to vice-president, head of innovation and sustainability for its North ...
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