Zurich launches green building insurance
The insurance provides coverage to address some of the loss exposures and expenses unique to green building construction and renovation projects, including commissioning, re-certification fees, and consulting fees.
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Credit freeze weakens construction outlook
The worldwide credit freeze caused a marginal drop in construction spending in September and October, a larger—but still modest—decline in new project starts, and much larger project delays and cancellations, according to BD+C Economist Jim Haughey. The construction outlook for 2009-10 has worsened, and is dependent on how quickly the financial markets are corrected.
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