A court decision by the High Court of Oklahoma has given our industry a win. In Flintco LLC v. Total Installation Management Specialists, Inc., 2025 OK 35 (May 28, 2025), the Oklahoma Supreme Court addressed a controversy that had arisen… Continue Reading →
Statutes of repose serve as critical legal boundaries, delineating the time frame within which claims related to construction activities must be initiated. These statutes are designed to provide finality and predictability, shielding contractors and related parties from indefinite liability. However,… Continue Reading →
The contract surety industry faces a complex economic landscape marked by inflation, interest rate fluctuations, and supply chain disruptions. These factors collectively exert pressure on contractors’ financial stability, increasing the likelihood of defaults and claims, and compelling surety companies to… Continue Reading →
Surety bond underwriters play a critical role in ensuring the performance and financial integrity of contractors, especially in public and private construction projects. When these projects involve federally recognized Indian tribes, underwriters face unique legal challenges due to the doctrine… Continue Reading →
The escalation of tariffs will likely impact the sufficiency of customs bonds in a significant way, posing challenges for importers and surety companies alike. I am going to offer for your thought a few of the implications of rising tariffs… Continue Reading →
El sector de fianzas (o para los españoles “caución”), un nicho vital dentro del panorama más amplio de los servicios financieros y de seguros, se enfrenta actualmente a desafíos transformadores que amenazan los modelos tradicionales de suscripción, la rentabilidad y… Continue Reading →
The surety industry, a vital niche within the broader insurance and financial services landscape, is currently facing transformative challenges that threaten traditional underwriting models, profitability and long-term sustainability. While by no means exhaustive, I’d like to share five dominant themes… Continue Reading →
An injunction is a powerful judicial remedy that can significantly impact the rights and conduct of parties during litigation. The injunction bond mechanism is a critical component of the equitable relief process, providing special financial assurance to enjoined parties in… Continue Reading →
Judicial surety bonds have traditionally been perceived as instruments with fixed penalties, explicitly capping the surety’s liability to the bond’s face amount. This understanding has long provided a clear framework for sureties, principals, and obligees alike. Recent judicial interpretations have… Continue Reading →
Happy spring to all and, did you remember your surety bond renewal? Whether you’re a contractor, a business owner, or a professional in need of surety bonds, understanding the renewal process is crucial to maintaining compliance and ensuring ongoing operations…. Continue Reading →
The Surety Business After Supreme Court Decision on DEI presents a new risk management concern. In the case of Students for Fair Admissions, Inc. v. President & Fellows of Harvard College and identical plaintiff v. University of North Carolina, No….. Continue Reading →
It appears that the State of Nevada will require a surety bond from private education loan lenders and servicers. Assembly Bill 332 amends Nevada Rev. Statutes Title 55 relating to Banks and Related Organizations, adding a new chapter regulating private… Continue Reading →
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