With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

Robert Raney, construction surety business unit leader for Travelers Bond & Specialty Insurance, speaking at the National Association of Surety Bond Producers annual convention in Colorado Springs.

Among the worst nightmares for every construction project is the subcontractor default, where a particular trade subcontractor cannot meet its contractual obligations due to insolvency, mispricing or ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has announced that James ‘Jim’ Bly has joined its Construction Services ...

"Subcontractor default risk represents another highly specialized market where Hudson can make a difference by offering much needed underwriting expertise to meet the growing needs of larger, ...

XL Group plc's (NYSE: XL) North America Construction and Surety units today unveiled CapAssure, a collaborative solution to address performance risk on private construction projects using elements of ...

Curtiss-Manes-Schulte, Inc. v. Safeco Insurance Company, 2015 U.S. Dist. LEXIS 57836 (W.D. Mo. May 4, 2015) In this opinion, the United States District Court for the Western District of Missouri (i) ...

Surety insurance is a popular but inaccurate term used to refer to surety bonds. A surety bond is a sum of money one party puts up as a guarantor of good faith. Surety bonds often involve considerable ...

That agreement gave Berkley sweeping rights. If things went south, Berkley could demand cash collateral on short notice, take ...

NEW YORK--(BUSINESS WIRE)--Hudson Insurance Group (Hudson) today announced that its new Subcontractor Default Insurance (SDI) business unit has commenced underwriting under the direction of Wallace ...