U.S. construction firms on average paid more for their insurancein the first half of 2013 as underwriters continue to seek priceincreases across the breadth of their contractor portfolios,according to a report published by Marsh.
Pricing for contractors general liability, project-specificgeneral liability, umbrella and excess liability, workers'compensation and residential construction insurance was up between3% and 7% on average during the first half of the year, accordingto Marsh's Construction Market Update—First Half 2013.
Construction firms with poor loss histories were more likely ingeneral to have seen double-digit rate increases.
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