Aon Construction Services Group, a unit of Aon Corp. (AON), said that it has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage.
Contractual liability policies are designed to indemnify another person or entity for actions excluded in typical insurance policies. The company said the strongest demand for this type of coverage has been to mitigate the risk of damages resulting from performance shortfalls or delayed completion of a construction project.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.