Insurance giant tailors underwriting program to mass timber

Source: Zurich North America, Schaumburg, Ill.  A key player in insurance solutions for construction, Zurich North America is expanding coverage offerings to commercial projects using mass timber, a group of engineered wood products touted for resilience and sustainability. The company will offer up $50 million insurance capacity to qualified customers and make Mass Timber Builders Risk available for project-specific coverage…

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FMCSA tables costly scheme raising baseline truck insurance

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; Owner-Operator Independent Drivers Association, Grain Valley, Mo.; CP staff

Citing “insufficient data or information to support moving forward with a rulemaking,” the Federal Motor Carrier Safety Administration (FMCSA) has withdrawn a proposal expanding the scope of commercial motor vehicles warranting a minimum amount of insurance per truck, potentially increasing annual coverage from $750,000 to $4 million.

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