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The state has mandated digital bond conversion for financial service licensees by January 2026.
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...
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that it has come to a settlement agreement with two of its largest surety providers which calls for the dismissal of a previously filed lawsuit. The settlement agreement require...
Trade risk cover rises amid economic and geopolitical shifts
The International Credit Insurance & Surety Association (ICISA) has reported growth in insured exposures and a decrease in claims activity for 2024, marking a year of operational resilience across trade credit insurance and surety marke...
New Jersey taxpayers are on the hook for an extra $10 million after the state Supreme Court upheld a decision to toss the lowest bid for a major bridge project over a paperwork error.
n a ruling released Monday, May 5, the justices voted 5-2 to back the New Jersey Turnpike Authority’s decision to rej...