QBE Sees Positive Outlook for U.S. Commercial Construction Amid Labor and Cost Challenges
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QBE Insurance Group Ltd. has released a positive 2-3-year outlook for the U.S. commercial construction industry, despite challenges like labor shortages and rising material costs. The report, created with Control Risks, highlights growth opportunities from advanced manufacturing investments, tax cuts, and green construction initiatives. It notes that while construction employment is high, an aging workforce and immigration restrictions are straining labor supply. The report stresses the need for tailored insurance solutions to manage risks and ensure project stability.
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