Construction Industry Already Feeling Impact of New Risk Management, Technological Tools
Mike Pilla, CEO of TRU, discusses technological advances used to mitigate risk in the construction
Robust Construction Market Provides Opportunities
Mike Pilla, CEO of TRU, highlights the importance of solution providers with deep expertise in underwriting, loss control
State of the Construction Market
Ryan Scheinfeld, President of TRU's National Construction Practice, explains how expertise drives success in the Construction
A Starring Role
Mike Pilla, CEO of TRU, discusses how the use of advanced technology and maintaining an exceptional relationship with clients has secured TRU a leading position in
Taking the Risk Out of Risky Construction Projects
Mike Pilla of TRU discusses with Reactions
Risk and Reward
Mike Pilla's 40 year insurance career in
IBA's Hot 100 Announced
Mike Pilla of TRU selected as someone who made an impact in the insurance industry
Hot Targets: Upscale Urban Projects
The use of wood framing in mid-size residential construction raises concerns. Ryan Scheinfeld, President of TRU's National Construction Practice,
When the Going Gets Tough, TRU Gets Going
Specialty underwriter tackles complex construction risks with "A" rated capacity and superior
Known for delivering creative, out-of-the-box solutions, here are several examples of how TRU approaches large course-of-construction projects:
Mixed Use construction project located in earthquake zone TRU underwrote all of the primary $87.5M coverage for a $182.5M project, which included $15M of coverage for construction located in Zone B EQ in California.
Louisiana prison construction project TRU underwrote all of the all-risk coverage for the $100M project including $10M Named Wind Storm and the deductible buydown.
Hospital project TRU underwrote a quota share primary placement for an $800M hospital, of which TRU provided $25M Named Wind Storm in Louisiana.
TRU recently launched its Developer Master Builder's Risk Program, one of the only Compressible Master Policies available in today's marketplace. The Developer Master Builder's Risk Program includes Builders' Risk, soft costs, rents and earnings.
Some examples of Master Programs TRU has developed and implemented for large property developers include:
Extremely large West Coast-based developer 4 Wood Frame projects totaling $290M of TIV. TRU extracted 2 in-process projects from the coverage in the client's Property Master Program to deliver project-specific limits and coverages.
Residential mixed-use developer TRU provided $40M primary for $91M wood-frame residential mixed-use development in California including options for earthquake and flood.
Top 5 developer of luxury garden apartments TRU provided $78M wood-frame capacity.