Blog

Most readers are familiar with the concept that performance bond sureties expect to recoup, from their principals, every dollar of cost incurred in responding to demands on the bond. And most readers are aware that the typical general indemnity agreement (GIA) gives the surety extensive rights, agai...

On September 12, 2016, the Nationwide Multistate Licensing System (“NMLS” or “the System”) will begin receiving and tracking Electronic Surety Bonds (“ESB”). In an unprecedented departure from the traditional uploading of a copy of a surety bond document to the applicant’s or licensee’s record follo...

Aug. 19 — The threat of third-party claims tied to the EPA's looming financial assurance rule for hardrock mining is ginning up concerns among financial institutions, top surety backers and industry attorneys say.

The new Superfund rule may allow states, tribes, the public and federal agencies other ...