By: Greg Perruzzi
The construction industry is poised for a dynamic and transformative period. Despite challenges faced in recent years, the industry is expected to experience growth driven by investments and technological advancements. In 2024, the sector grappled with rising material costs, labor shortages, and regulatory hurdles. However, the industry continued to demonstrate resilience and adaptability.
This construction market outlook provides a brief review of 2024 while looking ahead at industry growth drivers, spending, and trends. We'll explore key topics such as labor shortages, worker safety and wellbeing, technological advancements, cyber, and claims trends while applying risk mitigation and claims handling insight and expertise.
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