Blog
Surety sits at the intersection of banking and insurance, and has long been used to back the performance of a contract.
But the product, which works similarly to a bank guarantee, has to date not been widely adopted in the trade sector.
In this Industry Perspective, Daniel Storr, co-head o...
10/07/2025 03:07 PM
By Iza Iglesias
DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, has partnered with Philippine First Insurance Co. Inc. (PhilFirst) to launch the country’s first surety bond program for online gaming players, offering balance protection of up to P1 million per player.
The pr...
10/06/2025 03:07 PM
By Tez Romero
A union welfare fund is taking Berkley Insurance Company to federal court, alleging the insurer failed to cover nearly $100,000 in unpaid union benefits on a New Jersey public project.
The International Union of Painters and Allied Trades District Council No. 21 Welfare Fund, joine...
10/04/2025 04:58 PM
By Matthew Sellers
California court deals United States Fire Insurance a $1 million blow in a bail bond dispute – find out why this matters for surety insurers
California’s appellate court has upheld a $1 million bail bond forfeiture against United States Fire Insurance Company, spotlighting critical ...
10/03/2025 03:07 PM
By Aathira Varier
NeSL in talks with insurers to launch surety bonds in digital format
National e-Governance Services Ltd (NeSL) is in talks with insurance companies to issue surety bonds in digital format, according toindustry insiders.
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09/28/2025 12:17 AM