As we reach the midpoint of 2023, a number of new trends have emerged in the industry, while some existing trends continue.

This report looks at the following 7 trends we see impacting the construction industry:

  1. Tightening credit markets
  2. Market rotation
  3. Continued shortages of construction labor and engineering talent
  4. Consent agreements
  5. Artificial intelligence (AI)
  6. Net-zero standards
  7. Increase in lumber prices

Learn how these trends affect the construction industry and the construction insurance market.

View Report


The information contained herein is offered as insurance Industry guidance and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client-specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms, and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis.

Insurance brokerage and related services provided by Arthur J. Gallagher Risk Management Services, LLC. (License Nos. 100292093 and/or 0D69293).