Year in review: top California construction insurance decisions of 2021
Source: https://www.reuters.com/, December 13, 2021
By: Ashley B. Jordan and Kathryn Bayes
The construction industry is a key contributor to California’s economy. According to the Associated General Contractors of America, in 2019, the construction sector contributed $118.1 billion of the state’s total gross domestic product.
The recently signed federal Infrastructure Investment and Jobs Act is expected to be a boon to the industry, funneling about $45.5 billion to California to improve the state’s infrastructure. Billions will be pumped into rebuilding roads and bridges and improvements to airports. The package promises to keep public and private construction firms busy for years to come. Read more.