"Underwriters of surety bonds scrutinize contractors' cash flow"

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"Underwriters of surety bonds scrutinize contractors' cash flow"

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12-19-2008, 08:39 AM

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"Underwriters of surety bonds scrutinize contractors' cash flow"

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"The building slowdown also increases surety bond issuers' loss ratios as premium revenue falls. In a May report on construction loss severity, the SFAA said an examination of 1,600 surety claims in the United States and Puerto Rico produced surprises in that the average size of loss varied by bond limit, contractor type, region and concentration of limits."

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