Surety Bond News
The latest happenings affecting the surety bond industry.
Mass. JV reaches $1.9M settlement of allegations of misrepresenting disadvantaged status
A joint venture that built a baseball stadium in Worcester, Mass., will pay $1.9 million ...
Pa. lawmaker to revive bill on bonding, decommissioning solar sites
Full Story: Pennsylvania Business Report
Conservation group: Minimum required bond amounts inadequate for Wyo. oil, gas operators
A conservation group says Wyoming's required minimum bond amounts are inadequate for oil and gas ...
Expert: As material, labor costs rise, contractors’ coverage must align with replacement costs
Soaring material prices and labor costs are presenting insurance challenges for construction contractors, who might ...
Surety selects contractor to complete Texas city sidewalk project
Full Story: Community Impact Newspaper (Texas)
Surety must pay out, court rules; owner, contractor entered new agreement
Full Story: Business Insurance
Construction workforce, wages surpass pre-pandemic levels
Full Story: Quartz (tiered subscription model)
Surety takes over Conn. fire station renovation after contractor default
Full Story: The Hour (Norwalk, Conn.)
State officials anticipate how federal funds for broadband infrastructure will be managed
Full Story: Government Technology