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Midwest Edition
December 26 2020 Vol. XXVI • No. 26
4
Nebraska Launches $352M Lincoln South “The Nation’s Best Read Construction Newspaper… Founded 1957.”
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Inside
RB Scott Founder, Ralph Scott, Passes Away at Age 93...8
Erb Equipment’s Dick Christ Retires After 52 Years...12
See story on page 62 The Lincoln South Beltway is the largest and possibly most complex infrastructure project NDOT has launched.
As Vaccine Arrives, Keep Track of Risk Management McCoy Celebrates Its John Deere Onyx Circle Award...20
Know Impact of Virus-Related Insurance Coverage Trends as New Year Approaches By Lucy Perry CEG CORRESPONDENT
Table of Contents ................4 Mini & Compact Equipment Section ..........................36-59 Paving Section..............63-77 Snow & Ice Section ......83-89 Business Calendar ............91 Auction Section ............93-97 Advertisers Index ..............98
As construction contractors work through the coronavirus pandemic, many are keeping an eye on the pandemic’s effect on their risk management policies. The basic question: What will COVID’s impact be on insurance? Get ahead of the curve now to avoid a hitch in commercial coverage next year. The North American Excavation Shoring Association (NAXSA)
Insurance carriers are reconsidering how much more risk they are willing to take on and how they are going to reduce their own exposure.
notes that while historical losses led to current insurance price increases and reduced limits, a potential industry correction due to COVID-19 may be ahead. The association warns members that insurance carriers will have to decide how much more risk they are willing to take on and how they are going to reduce their own exposure. NAXSA notes that “reinsurance carriers have raised their rates across the board in anticipation of weaker carsee INSURANCE page 32
Hyundai Heavy Industries Group Selected as Breaking... Preferred Bidder to Acquire Doosan Infracore. see story page 16