In Construction Jobs

Archive for August, 2009

DENVER – An insured’s allegedly knowing misrepresentation of a property’s soil conditions, which later caused construction defects in homes, is not an “occurrence” that triggers an insurer’s duty to defend, a Colorado federal judge held Aug. 3 (General Security Indemnity Company of Arizona f/k/a Fulcrum Insurance Co. v. Century Surety Co., No. 08-01528, D. Colo.; 2009 U.S. Dist. LEXIS 67206; See September 2008, Page 26).
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An affiliate of Nigro Companies in Albany, N.Y., has purchased a shopping plaza in Watertown that includes a Price Chopper and other retailers.

As the developer of the $306 million Met 2 office tower set its final steel beam atop the 47-story office tower last week, its leasing broker was still working to sign tenants.

Zambia’s inflation quickened to 14,3% year-on-year in August from 14,0% the previous month, mainly driven by higher electricity prices, the Central Statistical Office said on Monday.

The agency also said Zambia recorded a trade surplus of 441,8-billion Zambian kwacha in July compared with 359-billion kwacha in June.

Higher passenger numbers and high third-party demand for aircraft maintenance services would boost South African aviation group, 1time Holdings’, revenues in the second half of the year, the airline forecast on Monday.

The company, led by CEO Glenn Orsmond, increased its headline earnings to R50,9-million in the six months ended June 30, 2009, compared with a headline loss of R6,3-million the year before.

(India)  –  Lafarge India is planning to invest $1 billion (Rs 4,800 crore) in the next five years in India with a cluster approach to venture into the South India market. The company plans

DENVER – An insured’s allegedly knowing misrepresentation of a property’s soil conditions, which later caused construction defects in homes, is not an “occurrence” that triggers an insurer’s duty to defend, a Colorado federal judge held Aug. 3 (General Security Indemnity Company of Arizona f/k/a Fulcrum Insurance Co. v. Century Surety Co., No. 08-01528, D. Colo.; 2009 U.S. Dist. LEXIS 67206; See September 2008, Page 26).
Full story on lexis.com

DENVER – An insured’s allegedly knowing misrepresentation of a property’s soil conditions, which later caused construction defects in homes, is not an “occurrence” that triggers an insurer’s duty to defend, a Colorado federal judge held Aug. 3 (General Security Indemnity Company of Arizona f/k/a Fulcrum Insurance Co. v. Century Surety Co., No. 08-01528, D. Colo.; 2009 U.S. Dist. LEXIS 67206; See September 2008, Page 26).
Full story on lexis.com