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Clients will need to replace either Travelers or AIG, he said. He added that, up until Nov. 19, in order to allow for an orderly transition, "Travelers is prepared to absorb AIG's share of the co-sure

A sinking economy, resulting in cutbacks in construction projects and a tightening of credit, is just one of the looming challenges facing surety and fidelity bond underwriters as their association

Under the new rules, which take effect July 25, sureties are allowed to charge current state rates under the SBA's Surety Bond Guarantee Program rather than being locked into rates that were set 20 ye

According to court documents, as part of the agreement, Ecobel agreed to purchase a surety bond for the $10 million from the Government Service Insurance System (GSIS), an agency of the Philippines go

WASHINGTON--The Small Business Administration would allow surety companies greater flexibility in setting rates for construction bonds required by minority contractors, under regulations proposed by th

WASHINGTON--The Small Business Administration would allow surety companies greater flexibility in setting rates for construction bonds required by minority contractors, under regulations proposed by th

The study, "Credit Insurance and Surety: Solidifying Commitments," found that values secured through credit insurance and surety bonds last year totaled about $2.9 trillion, or 6.5 percent of the worl

Time devoted to securing surety bonds is time well spent for agents seeking to solidify client