Blog
Insurance and surety bonds are playing an increasingly essential role in the sustainable development of the construction market, according to Aon’s 2025 Construction Insurance and Surety Market report. The study comes against the backdrop of inflationary pressures, economic volatility, and large-sca...
09/08/2025 10:17 PM
Darren M. de Jesus
If the contractor has no enforceable obligation because the project was a sham or fraudulent, then the surety company cannot be made to pay either.
The continuing exposé and unraveling of flood control projects discovered as either totally nonexistent or utterly substandard has rais...
09/07/2025 11:45 AM
Insurer claims JAG Roofing left it on the hook for six-figure losses after bond claims
By Tez Romero
Trisura Insurance Company is taking JAG Roofing Inc. and its owner to federal court, claiming more than $174,000 in losses and facing over $770,000 in potential exposure after backing bonds for Florida...
09/05/2025 07:09 PM
The state has mandated digital bond conversion for financial service licensees by January 2026.
The Maine Bureau of Consumer Credit Protection will implement a significant change to its bonding requirements, effective Sept. 1, 2025. The bureau will exclusively accept Electronic Surety Bonds (ESB) thr...
08/28/2025 07:09 PM
The surety market is maturing quickly and growth is likely to continue, according to Aon's 2025 Global Construction Insurance and Surety Market report.
Countries like Australia and Korea have well-established surety markets, and the use of surety as a guarantee solution is expected to grow significan...
06/26/2025 05:44 PM