Surety Bond News
The latest happenings affecting the surety bond industry.
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
Treasury proposes new categories of reinsurers, changes to surety program
The Treasury Department has issued a proposal containing provisions that would create two additional categories ...
Lawmaker: Bonds for Wis. construction projects protect taxpayers
Legislation under consideration in Wisconsin aims to increase competition for state construction projects by easing ...
Key to surviving increased material costs may be in project parties sharing risks
Increased construction material costs are putting strains on projects and raising the risk of contract ...
