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2018 Agent Study reveals the level of satisfaction with insurers, and how producers perceive the quality of commercial carriers.

In 2017, NU forged an alliance with the National Association of Professional Insurance Agents (PIA) and Flaspöhler | NMG to conduct the inaugural Independent Agent Study — ...

03/16/2018 03:01 AM

The Supreme Court of Canada (SCC) ruled in its recent decision, Valard Construction Ltd. v. Bird Construction Co. (Valard Construction), that an “obligee” or trustee under a labour and material payment bond (usually the owner or general contractor) may be required to disclose the bond’s existence to...

03/12/2018 03:01 AM

While surety is technically an insurance product, most insurance agents know it’s significantly different than traditional P&C coverages.

Surety experts know what to look for in a client’s submission to give them the best possible chance of qualifying for the bond they need.

In fact, I would argue...

03/09/2018 12:24 PM

In a recent decision,(1) the Supreme Court clarified its position on sureties payable on first demand and confirmed its view on the interpretation of contractual undertakings (eg, guarantees or sureties)(2) by which one party assumes a personal liability for a third-party debt. Considering the signi...

03/07/2018 03:01 AM

After mining, a coal company is required to restore the land it disturbed, e.g., by regrading or replanting. The federal government requires coal companies to get bonds to assure their payment for these activities.

Federal law permits coal mine operators in some cases to guarantee these costs on the ...

03/06/2018 05:31 AM