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Federally funded infrastructure projects propel recent surety market premium growth and demand for surety bonds among contractors and developers: AM Best.
These stellar results reflect more than simple scaling. The industry’s direct incurred loss ratio improved dramatically, falling to 20.5% through ...
02/10/2026 02:56 PM
If the Supreme Court rules President Donald Trump’s International Emergency Economic Powers Act (IEEPA) tariffs are illegal, U.S. companies would not only be in line to receive tariff refunds, but also billions of dollars paid to insurance companies in customs bonds and collateral. Customs bonds, al...
02/07/2026 07:45 AM
Columbus, Ohio-based Nationwide announced yesterday that it entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a unit of American Family Insurance.
Terms of the deal were not disclosed.
Nationwide said in a written statement t...
02/06/2026 08:32 PM
A Metairie surety bond producer has been ordered to refund more than $1.2 million to customers and pay the maximum fine allowed under Louisiana law after regulators found he fraudulently overcharged clients on insurance premiums.
Louisiana Department of Insurance Commissioner Tim Temple announced tha...
02/04/2026 10:06 PM
Maricopa County's director of risk management told the Board of Supervisors on April 9 that the county will purchase a $1 million surety bond that the Arizona Department of Transportation will require of self-insured entities for vehicle insuran...
02/03/2026 09:06 PM