Janus Assurance Re is a direct source of bond capacity for international obligations that require surety support. Janus will consider contract surety applications lesser than or equal to ten million U.S. dollars and commercial surety applications no greater than five… Continue Reading →
An interesting article by Kayla Desroches (Report Raises Concerns Over Who Pays For Coal Mining Cleanup), raises concerns about the lack of reclamation bond coverage of mining operations in the State of Montana. Kayla reports, “. . . one of… Continue Reading →
A fidelity bond, also known as a commercial crime policy provides excellent protection to business and government entities that employ persons with money or other things of value under their control. Fidelity bond underwriting largely focuses on the implementation of… Continue Reading →
Por medio de la fianza, contratistas pueden acceder al mercado de obras públicas y proyectos más grandes, así mejorando sus ofertas y rentabilidad. Un artículo por el licenciado Israel O. Alicea, se trata del mismo “Todo sobre las fianzas en proyectos… Continue Reading →
Pawnbrokers are considered a form of financial institution and are regulated as one. A pawnbroker surety bond is currently required by approximately twenty states and many municipalities. Generally the surety bond amount is small and guarantees only that the pawn… Continue Reading →
Recent legislation and the delisting of hemp from the federal drug control schedules has prompted the legalization of hemp cultivation in Georgia, although the activity will be tightly restricted at inception. A Georgia hemp processor surety bond will be required…. Continue Reading →
Con suma alegría por la gracia de la amistad y lealtad de nuestros estimados clientes, socios y allegados queridos, Surety One, Inc. de Puerto Rico ha gozado de un año estelar. Nos alegra de sobremanera el hecho que hayamos podido… Continue Reading →
Surety bonds in Florida are subject to claims even if the claimant has agreed to a valid pay-if-paid clause in its contract with the principal. Sureties should still require principals to include pay-if-paid clauses in their contracts, despite the protection… Continue Reading →
A surplus lines broker bond is a specific surety bond required by many state departments of insurance. The license allows producers to offer surplus lines insurance. Surplus lines insurance refers to any instance in which the insurance is offered by an insurer that is not… Continue Reading →
On September 4th, 2018, the Small Business Administration announced its decision to decrease the fees associated with the SBA Surety Bond Guarantee Program (SBG). The fee amendment is the first adjustment in over twelve years. The SBA hope that the… Continue Reading →
A frustrating part of being a contract surety bond underwriter is finding oneself obligated to decline a performance bond to a contractor that appears to possess the prerequisite experience, expertise, character and financial strength to accomplish his or her project. The review… Continue Reading →
Suretyship has been around a LOOOOOONG time. There are records of surety bond accords that stretch back the the Code of Hammurabi. The first “modern” definition for suretyship in the United States was given by George Robert Wentz in the… Continue Reading →
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