A bond is a type of insurance, issued by insurance companies called sureties, that serve as a risk mitigation tool for states and localities. They have two key benefits: protection and ...
WASHINGTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for more than ...
Southland Holdings ( ($SLND) ) has shared an announcement. On December 22, 2025 and thereafter, Southland Holdings, Inc. received approximately ...
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 ...
"The Midwest is a significant marketplace for surety contract bonds, and Cincinnati was a logical choice for an additional branch office," said Alan Pavlic, President and COO, Old Republic Surety ...
NEW YORK--(BUSINESS WIRE)--Suremerica Surety Underwriting Services, LLC., a surety managing general underwriting facility, today announced that it has partnered with a global underwriter to offer up ...
"We continue to open offices throughout the country to meet the needs of independent insurance agencies needing standard, middle market surety options." said Alan Pavlic, President and COO, Old ...
It is in this context that surety bonds have begun to attract attention—not as a financial innovation, but as a structural ...
As we have reported previously over the years, a key provision in the Bankruptcy Code is Section 365, a lengthy provision that addresses the disposition of executory contracts between the debtor and ...
The insurance regulator has further stipulated that the non-life insurers wanting to underwrite the surety insurance risks should have a solvency margin of 1.25. The insurance watchdog issued the ...
In an opinion issued by the U.S. Court of Appeals for the Fifth Circuit dated Aug. 11, in a case styled In re Falcon V, case no. 21-30668, the court held a surety bond is not an executory contract, ...
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