Modeler: Insured losses from Michael may range from $6B to $10B | Fla. temporarily halts property insurance price hikes after Michael | Microsoft: IoT can reduce construction delays, improve safety
October 18, 2018
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Surety & Insurance Market Trends
Modeler: Insured losses from Michael may range from $6B to $10B
Insured losses of $6 billion to $10 billion could result from Hurricane Michael, according to an AIR Worldwide estimate that does not include losses covered by the National Flood Insurance Program. Experts say the reinsurance sector, meanwhile, appears likely to absorb losses from Michael without facing major disruption.
Reinsurance News (10/15) 
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Fla. temporarily halts property insurance price hikes after Michael
Florida Gov. Rick Scott has instructed state Insurance Commissioner David Altmaier to put any property insurance rate increases on hold for 90 days in the aftermath of Hurricane Michael. Scott also called for the 90-day reversal of any policy nonrenewals or cancellations that occurred just before Michael hit, to give policyholders additional time to find new coverage.
WJXT-TV (Jacksonville, Fla.)/The News Service of Florida (10/14) 
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On the Radar Screen
Microsoft: IoT can reduce construction delays, improve safety
Internet of things technology can be used to monitor construction projects, reducing project delays and fire risk, according to Microsoft. IoT-enabled sensors can provide project completion estimates, find anomalies at work sites and detect fire or smoke, said Necip Ozyucel of Microsoft Gulf.
Construction Week Online (United Arab Emirates) (10/16) 
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Survey examines sexual harassment, gender bias in construction
Some 66% of construction workers responding to an Engineering News-Record survey report they have experienced sexual harassment or gender bias in the workplace, and 60% report they've seen it happen to others. Management continues to seek ways to improve diversity and create cultures that encourage talent to remain.
Engineering News-Record (10/11) 
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Group recommends ways to improve construction safety training manuals
Researchers at the Center for Construction Research and Training recently reviewed 103 safety training handouts, brochures and Safety Data Sheets in the construction industry and made several recommendations on ways to improve the materials in a new report. Recommendations include using a singular call to action and focusing on step-by-step instructions.
Safety + Health (10/10) 
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Optimizing opportunities for project owners
Laura Wagner, with AXA XL's North America Construction Professional & Pollution team, says, "Solving complex risks for project owners means bringing all the experts to the table - risk engineers, multi-line underwriting and claims. It's how you build the right solution with the customer."
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Protocols & Procedures
Report: Protective eyewear would prevent more than 90% of eye injuries
Safety glasses, goggles, face shields and other personal protective equipment could help prevent more than 90% of eye injuries if worn, The Vision Council says. Fogging prevents many workers from wearing the equipment, so anti-fogging measures are an effective way of encouraging its use.
EHS Today (10/12) 
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How to get contractors on board with safety requirements
Companies can ensure their contractors and suppliers uphold their standards for safety by following practices such as pre-qualifying potential partners and conducting a full risk assessment before work begins.
EHS Daily Advisor (10/12) 
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Legal Compliance
How contractors can prepare to work in Fla. post-Michael
Out-of-state contractors may find relaxed licensing rules in Florida if the state doesn't have enough of its own contractors to handle post-Hurricane Michael recovery efforts. Meanwhile, contractors planning to do restoration work in Florida should ensure their licenses, liability and workers' compensation coverage are in order to be eligible to work in the state.
Construction Dive (10/15) 
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Employers prepare to comply with N.J. paid sick leave law
New Jersey employers are gearing up to comply with the state's new paid sick leave law, which takes effect Oct. 29 and requires employers to provide up to 40 hours of earned sick leave each benefit year. Under the law, workers will accrue an hour of earned sick leave for every 30 hours worked.
Occupational Health & Safety (10/16) 
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Construction & Insurance Case Law
Pa. contractor faces fines after electrocution death
Insight Pipe Contracting is facing more than $300,000 in fines stemming from an electrocution death in April. The Pennsylvania contractor was found to have violated multiple regulations, the Occupational Safety and Health Administration said.
EHS Today (10/16) 
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Project Focus
S.D. development project delayed during first phase
A Sioux Falls, S.D., development project has hit several snags as additional costs have caused the developers to look at revised layouts that would require them to begin the formal approval process over again. The Black Iron Railyard project would include multiple buildings constructed on 4 acres of downtown land.
Argus Leader (Sioux Falls, S.D.) (tiered subscription model) (10/13) 
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Construction at $192M Fla. hotel-condo project continues
Construction has resumed on a $192 million Daytona Beach, Fla., hotel-condominium project. The city halted the project for almost 14 days when Protogroup Vice President Alexey Lysich released general contractor W.G. Yates & Sons Construction, requiring a new contractor to be hired and new permits to be issued before work could resume.
The Daytona Beach News-Journal (Fla.) (10/15) 
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Between memory and reality there are awkward discrepancies.
Eileen Chang,
writer
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