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Is the Decision in Valard Construction Ltd v. Bird Construction Co.1 Really Revolutionary in Quebec?

The Supreme Court of Canada recently ruled on the obligation, whose existence and degree of intensity vary according to the circumstances, to disclose the existence of a surety bond for construction w...

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 — ...

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...

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...

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...