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Insurance Regulatory and Development Authority of India (IRDAI) has set up a task force to solve the bottlenecks and drive the growth of surety bond insurance in the Indian market. The task force comprises representatives from insurance companies, banks and reinsurers.
MANKATO — A couple suing Mankato Township for approving the proposed Blue Earth County shop project has posted a $1.2 million surety bond sought by the county to cover cost increases if the project is needlessly delayed by the suit.
In late April, homeowners Patrick Lease and Lynn Koosman-Lease filed...
Could this be the future of construction insurance?
Construction & Engineering
By Lauren Johnson Sep 30, 2024
The construction insurance industry is seeing a subtle, yet steady, shift with contractors assuming more risk than ever before. So says Michael Cusack, executive vice president of Alli...
CARSON CITY, Nev.-Insurance regulators in two states have ordered a pair of unlicensed surety companies to stop underwriting after finding they have issued illegal bonds, including at least one purportedly backed by the Caribbean-domiciled Certusia Reinsurance Co.
The Nevada and Georgia insurance dep...
MALVERN, Pa., May 09, 2024--(BUSINESS WIRE)--The SuretyDIGIT Coalition announced their launch today. The goal of the coalition is to bring stakeholders together to modernize and digitize surety bond operations. Due to the innate multi-party nature of the surety b...