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FORT WAYNE, Indiana, Oct. 5 -- The U.S. Attorney for the Northern District of Indiana, Thomas L. Kirsch II, issued the following news release:

United States Attorney Thomas L. Kirsch II announced today a pre-suit settlement under the False Claims Act for fraudulently submitted claims payable with fed...

Surety—Standing in the Shoes of Subcontractor—Is Barred From Asserting Defense of Concurrent Delay Because Subcontractor Failed to Seek a Time Extension as Required by the Subcontracts

Fid. & Deposit Co. of Md. v. Travelers Cas. & Sur. Co. of Am., 2018 U.S. Dist. LEXIS 162265 (D. Nev., Septem...

On Wednesday, Mexico's leading surety group, Grupo Financiero Aserta AM Best affirms credit ratings of Aserta Seguros Vida, Grupo Financiero Aserta: A.M. Best has affirmed the Financial Strength Rating (FSR) of B++ (Good), the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb+ and the Mexico Nat...

NEW ORLEANS — Lexon Insurance Co. is seeking more than $2 million in surety bonds after Baby Oil, a Louisiana oil and gas producer, filed for bankruptcy in 2017, according to court documents.

The lawsuit was filed in the Eastern District of Louisiana against a Thibodaux, Louisiana, couple who owns co...

ACTION:

Notification of temporary initiative to test lower fees; request for public comments.

SUMMARY:This document announces a temporary decrease in the guarantee fees that the U.S. Small Business Administration (SBA) charges all Surety companies and Principals on each guaranteed bond (other than a b...