Tag: Contractors

Origin Specialty and Land Improvement Contractors of America Announce Strategic Partnership for Site Preparation Industry

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by LICA-National

November 12, 2025 – Rolling Meadows, IL

– Origin Specialty Underwriters Agency, LLC (“Origin Specialty), a leading national Managing General Agent (MGA) and partner company of Beyond Risk, and the Land Improvement Contractors of America (“LICA”) today announced a strategic partnership designed to provide LICA members with comprehensive insurance solutions for the site preparation (“site-prep”) industry. The program will be delivered through McGriff, a Marsh & McLennan Agency LLC company.
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Trump Rescinds Executive Order on Minimum Wage for Contractors

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by LICA-National

President Trump has rescinded an executive order issued in 2021 by then President Biden increasing the minimum wage for employees of federal contractors. EO 14026 sharply increased the minimum wage rate in effect for federal contractors from $13.30 to $17.75 per hour and set annual adjustments to account for inflation.

This was one of numerous EOs revoked by Trump in a second wave of reversals of Biden executive actions. EO 14026 and the Department of Labor (DOL) rule implementing the EO have faced several legal challenges. Most recently, the U.S. Court of Appeals for the Fifth Circuit upheld the EO concluding it was a valid exercise of presidential authority. However an earlier decision in Ninth Circuit held Biden exceeded his authority when he issued the EO. Supreme Court action on these split decisions is likely.

Construction Firms Confident About 2025!

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by LICA-National

Construction contractors are optimistic about certain private-sector segments and have high hopes for most types of public-sector work, according to survey results the Associated General Contractors of America and Sage released today. Yet they have very low expectations for several private-sector market segments, remain concerned about labor shortages and are worried materials prices will climb amid threats of new tariffs.


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