U.S. Commercial Construction Outlook Largely Positive, According to a QBE North America Report, but faces headwinds such as Labor Shortages, Increased Material Costs and Reduced Subsidies

About this update from Qbe Insurance Group Limited

NEW YORK , Nov. 12, 2025 /PRNewswire/ -- QBE North America today announced the release of its U.S. Commercial Construction Outlook . The report, developed in partnership with Control Risks, explores near-term risks and opportunities for future growth in commercial construction. "While the industry continues to navigate labor and cost challenges, the overall trajectory for commercial construction remains positive in the United States," said Ryan Powers, SVP, Head of Construction at QBE North America. "Our report shows that there are significant opportunities due to industrial construction, tax cuts and private equity activity, foreign investments in America and green construction." Key themes explored in the 2025 report include: "Given the headwinds and uncertainty, insurers and brokers must work with their clients to proactively manage new and existing construction risks," said Powers. "Some companies may seek to fill the labor gap with inexperienced workers, which could impact work quality and safety. Meanwhile, geopolitical escalation of tariffs may impact project expenses and timelines. Tailored insurance solutions are essential to mitigating risks and safeguarding project timelines and financial stability." More information about QBE's Construction practice is available at https://www.qbe.com/us/construction About QBE North America QBE North America is a global insurance leader that gets to the heart of what's at risk for customers. Part of QBE Insurance Group Limited, QBE North America reported Gross Written Premiums in 2024 of $7.3 billion. QBE Insurance Group's results can be found at  qbe.com . Headquartered in Sydney, Australia, QBE operates out of 26 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business primarily through its insurance company subsidiaries. The actual terms and conditions of any insurance coverage are subject to the language of the policies as issued. Additional information can be found at  qbe.com/us  or follow QBE North America on  LinkedIn ,  Facebook  and  Instagram . View original content to download multimedia: https://www.prnewswire.com/news-releases/us-commercial-construction-outlook-largely-positive-according-to-a-qbe-north-america-report-but-faces-headwinds-such-as-labor-shortages-increased-material-costs-and-reduced-subsidies-302613179.html

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