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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Underwriter’s Weather Parametric Insurance fills Builders Risk policy voids

As severe weather events grow in frequency and severity, the risk of construction delays not covered by traditional Builders Risk insurance policies intensifies. Zurich North America seeks to fill the gap with the launch of Construction Weather Parametric Insurance for project owners and contractors.

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