The customs bond market has historically been a stable, compliance-driven segment of the surety bond industry. Customs bonds are required by U.S. Customs and Border Protection to guarantee payment of duties, taxes, and fees owed on imported goods, as well… Continue Reading →
Clearly Understanding the Surety Bond General Indemnity Agreement as the Central Contractual Mechanism Driving Risk Allocation and Loss Recovery in Commercial Surety New surety bond producers often learn bonds as if the bond form is the whole product. Clearly understanding… Continue Reading →
The Pipeline Crisis of Talent in Insurance: Why Underwriting and Claims Expertise Will Decide Market Winners and Losers The London specialty market is not subtle about what it sees coming. In its February 5th, 2026 market update, the London Market… Continue Reading →
Statutory Surety and Insurance Compliance in the Dominican Republic: Local Underwriting and a Domincan Broker Can Protect U.S. Contractors, Enhance Bid Acceptance, and Reduce Risk. Contract surety bonding in the Dominican Republic. U.S. general contractors and developers pursuing projects in… Continue Reading →
Surety Bonds in Public Construction The importance of surety bonds in public construction work is a cornerstone of modern infrastructure development, serving as an indispensable risk management tool that safeguards public funds and guarantees project delivery. In an era of… Continue Reading →
Predictions of rising surety capacity demand in 2026 are often described as a general consequence of higher infrastructure spending. That explanation is largely accurate, but it understates the specific mechanism most likely to shape surety markets in 2026. The sharper,… Continue Reading →
Effective January 26, the Kentucky Department of Financial Institutions (DFI) will begin accepting Electronic Surety Bonds (ESB) through the Nationwide Multistate Licensing System & Registry (NMLS) for firms applying for or renewing a Federal Student Loan Servicer License. This change… Continue Reading →
The rapid expansion of global data center infrastructure has accelerated demand for reliable construction financing, risk transfer mechanisms, and comprehensive performance guarantees. Data centers are capital-intensive facilities that require rigorous engineering standards, continuous operational resiliency, and synchronized performance among multiple… Continue Reading →
The insurance marketplace is evolving rapidly, and specialized intermediaries are playing an increasingly central role. In 2024, the National Association of Insurance Commissioners (NAIC) reported that direct written premium by managing general agents (MGAs) grew by 14.5%, marking the fourth… Continue Reading →
General contractors rejoice (mostly)! The outlook for U.S. public construction work for the balance of 2025 remains favorable, especially in heavy/highway, transit, water, and airport projects. This steady availability is underpinned by multi-year federal authorizations, a robust municipal bond market,… Continue Reading →
The use of pay-if-paid clauses in construction subcontracts has long been a point of tension between prime contractors and subcontractors. These provisions condition a general contractor’s payment obligation on receipt of payment from the project owner. They are used strategically… Continue Reading →
Surety companies participating in the customs bond class have taken a win. United States v. Aegis Security Insurance Company (No. 20-03628) and its follow-up decision in 2025 (No. 22-00327) are landmark cases from the U.S. Court of International Trade. The… Continue Reading →
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