A surety bond is a three-party contract between a principal, obligee and a surety. Surety bonds also are regulated by state insurance departments. The principal has an obligation to the obligee to ...

Surety bonds provide a kind of insurance guarantee that the bondholder will follow the laws or meet requirements outlined in a contract or agreement. Some municipalities require contractors to obtain ...

Surety insurers have maintained underwriting and operating profitability, producing net profit margins above 30% during each ...

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 ...

The Institutes RiskStream Collaborative ® proudly announces the 2025 recipients of its Collaborator Award, which recognizes organizations that have demonstrated leadership and commitment in advancing ...

"We are thrilled to launch our new surety platform for our customers," said David Gonsalves, president of The Bond Exchange. "The team members involved in this multi-year project come from diverse ...

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Emerging markets across the Global South are entering a decisive decade for infrastructure. Governments from India to Africa to UAE are all committing unprecedented capital toward transport, energy, ...

ERISA Fidelity Bond Compliance Reminder for 2026 We urge plan directors to take the ERISA bond requirement seriously.

A federal bankruptcy court judge in Wilmington, Del. granted Abengoa, S.A., the troubled Spanish renewable energy contractor and engineer, protection under U.S. bankruptcy law from its U.S. creditors, ...

New Delhi, Sep 11: Insurance Surety Bonds (ISB) issued by insurance companies for NHAI contracts have crossed the Rs 10,000 crore landmark, which represents a major achievement, according to a ...