Blog

LDWICK, N.J.--(Business Wire)--In this A.M.BestTV episode, A.M. Best’s Senior Financial Analyst Robert Valenta and Senior Research Analyst David Blades review a new report that examines the growth of the U.S. surety insurance segment and the forces shaping it. Click on http://www.ambest.com/v.asp?v=...

02/07/2018 04:09 PM

In the State of the Union address, President Donald Trump called for $1.5 trillion in infrastructure spending from a combination of federal, state, and local government sources working along with the private sector.

The funds are much-needed: America’s crumbling roads and threadbare broadband coverag...

02/02/2018 07:02 AM

Final payment being withheld until completion

State officials are withholding millions of dollars in payment from the contractor of the new Broughton Hospital until the project is completed.

The amount of the final payment will be around $6 million, said Mark Benton, North Carolina deputy secretary of...

01/30/2018 07:12 AM

The Louisiana First Circuit recently held that a Private Works Act payment bond surety cannot raise a pay-if-paid provision in its principal's contract as a defense to a claim against the bond.

Bear Industries, Inc. v. Hanover Insurance Co. involved the construction of a Wal-Mart Supercenter in New R...

01/29/2018 09:52 AM

Trade credit insurers are expected to pay some £31 million to help firms in the supply chain recover from the collapse of UK construction company Carillion, according to the Association of British Insurers (ABI).

And the collapse could also trigger legal action with potential claims for negligence an...

01/26/2018 02:51 PM