http://forums.jwsuretybonds.com/ Discuss current events of the surety bond industry. en Fri, 20 Nov 2009 23:46:20 GMT vBulletin 10 http://forums.jwsuretybonds.com/images/misc/rss.jpg http://forums.jwsuretybonds.com/ http://forums.jwsuretybonds.com/surety-bond-news/2441-surety-insurers-oppose-h-r-3962-a.html Sat, 14 Nov 2009 14:05:49 GMT “In the absence of bonding, who will be looking to assure that all providers that submit claims to Medicare are legitimate and that overpayments, fines and penalties assessed by [the Centers for Medicare and Medicaid Services] are paid?” asks Lynn Schubert, president of the Surety & Fidelity Association of America, Washington.

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2441-surety-insurers-oppose-h-r-3962-a.html http://forums.jwsuretybonds.com/surety-bond-news/2440-new-bonding-requirements-make-builders-wary-added-costs-lean-times.html Fri, 13 Nov 2009 13:23:54 GMT "Northern Nevada builders are expressing concern about a proposed change to the state's bonding requirements, saying it would increase costs for both contractors and their customers at a time when the industry is struggling."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2440-new-bonding-requirements-make-builders-wary-added-costs-lean-times.html http://forums.jwsuretybonds.com/surety-bond-news/2439-surety-bond-insurers-riled-health-care-measure-provision.html Fri, 13 Nov 2009 11:38:22 GMT “In the absence of bonding, who will be looking to assure that all providers that submit claims to Medicare are legitimate and that overpayments, fines and penalties assessed by CMS [Centers for Medicare and Medicaid Services] are paid?” asks Lynn M. Schubert, president of the Surety & Fidelity Association of America."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2439-surety-bond-insurers-riled-health-care-measure-provision.html http://forums.jwsuretybonds.com/surety-bond-news/2435-city-reforms-bonding-policy.html Tue, 03 Nov 2009 14:58:49 GMT Helping small businesses grow and making it easier to operate in New York City is part of the Bloomberg Administration's "Five Borough Economic Opportunity Plan."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2435-city-reforms-bonding-policy.html http://forums.jwsuretybonds.com/surety-bond-news/2426-bond-group-says-small-contractor-surety-bill-won-t-help.html Sat, 26 Sep 2009 12:03:28 GMT "A bill aimed at helping small veteran-owned contractors obtain surety bonding is harmful rather than helpful, an official of the Surety & Fidelity Association told a congressional panel yesterday

SFAA President Lynn M. Schubert, in testimony before a U.S. House Veterans’ Affairs subcommittee, said the measure as drafted would hurt the very businesses it is designed to aid."

Direct .aspx URL link doesn't seem to work from here. It's on P & C National Underwiter. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2426-bond-group-says-small-contractor-surety-bill-won-t-help.html http://forums.jwsuretybonds.com/surety-bond-news/2424-whiteford-taylor-surety-partners-head-wcs.html Mon, 21 Sep 2009 14:31:26 GMT The lawyers who are moving are Gerard P. Sunderland, George J. Bachrach, Michael A. Stover and Cynthia E. Rodgers-Waire. They start at WCS on Oct. 1.


Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2424-whiteford-taylor-surety-partners-head-wcs.html http://forums.jwsuretybonds.com/surety-bond-news/2423-subscribe-surety-bond-blog.html Thu, 10 Sep 2009 18:59:15 GMT If you follow the Surety Bond Blog, then you already know that we have been actively posting new content. Earlier this year we had a small hiatus to catch our breath from rapid agency growth.

As of yesterday we added the ability for our blog's followers to subscribe to alerts on new posts. It's simple, just add your email address to the Feedburner widget found on the sidebar of blog.

You will keep up to date with the newest bond requirements, editorials on current events, and tips from surety professionals!

Also, feel free to join us in the forums or on the comment section of any blog post. :) ]]> Surety Bond News Admin http://forums.jwsuretybonds.com/surety-bond-news/2423-subscribe-surety-bond-blog.html http://forums.jwsuretybonds.com/surety-bond-news/2421-apartments-texas-masonic-retirement-center-arlington-could-finished-next.html Tue, 08 Sep 2009 12:27:54 GMT "A federal lawsuit that Liberty Mutual Insurance Co. filed in May against Hisaw lists 11 projects that Liberty Mutual said the contractor could not complete. They include animal shelters in Irving and Plano, a fire station in Plano and elementary school projects in Lewisville. Liberty estimates that it will lose $11 million on the bonds related to those projects, according to the lawsuit."


Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2421-apartments-texas-masonic-retirement-center-arlington-could-finished-next.html http://forums.jwsuretybonds.com/surety-bond-news/2419-hannover-re-foresees-some-reinsurance-rates-rising.html Mon, 07 Sep 2009 13:06:38 GMT "Ulrich Wallin, chief executive officer of Hannover Re, said during a presentation Sept. 7 at the Rendez-Vous de Septembre reinsurance meeting in Monte Carlo that reinsurance prices are rising in capital-intensive classes as buyers recognize the value of the coverage during the financial downturn. Those classes include credit, surety and aviation."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2419-hannover-re-foresees-some-reinsurance-rates-rising.html http://forums.jwsuretybonds.com/surety-bond-news/2418-race-tracks-want-changes-video-slot-program-plan.html Mon, 07 Sep 2009 12:38:03 GMT "The letter also asks the commission to drop "numerous onerous bonding and insurance requirements," including a $52 million performance bond to secure payment of the balance of the $65 million license fee, the first installment of $13 million is due Sept. 15."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2418-race-tracks-want-changes-video-slot-program-plan.html http://forums.jwsuretybonds.com/surety-bond-news/2416-waj-hires-new-electrical-contractor.html Sat, 05 Sep 2009 11:36:20 GMT "WAJ negotiated a takeover agreement with Hanover Insurance, the project’s Surety Company, and a new firm, Acme Electric, based in Connecticut, was hired."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2416-waj-hires-new-electrical-contractor.html http://forums.jwsuretybonds.com/surety-bond-news/2415-suretec-financial-buy-back-hcc-s-interest-company.html Wed, 02 Sep 2009 12:02:03 GMT "SureTec expects to receive regulatory approval and close the transaction at the end of September."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2415-suretec-financial-buy-back-hcc-s-interest-company.html http://forums.jwsuretybonds.com/surety-bond-news/2414-surety-bonds-may-prove-too-costly-houston-light-rail-project.html Thu, 27 Aug 2009 10:02:23 GMT Metro President Frank Wilson said the transit agency has not made a final decision, but tentatively plans to use a different form of risk management, called parent guarantees, to make sure the four major companies fulfill their obligations and pay their subcontractors on the $1.46 billion contract. Read it here (http://enr.construction.com/yb/enr/article.aspx?story_id=134560350). Metro President Frank Wilson said the transit agency has not made a final decision, but tentatively plans to use a different form of risk management, called parent guarantees, to make sure the four major companies fulfill their obligations and pay their subcontractors on the $1.46 billion contract.

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2414-surety-bonds-may-prove-too-costly-houston-light-rail-project.html http://forums.jwsuretybonds.com/surety-bond-news/2413-bankruptcy-former-drumore-secretary-convicted-stealing-300k.html Mon, 24 Aug 2009 12:45:22 GMT "Even though the surety bond company paid the claim for damages to the township," she added, "Mrs. Morris remains liable for the restitution assessed against her."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2413-bankruptcy-former-drumore-secretary-convicted-stealing-300k.html http://forums.jwsuretybonds.com/surety-bond-news/2410-house-speaker-questions-whether-state-bond-commission-has-authority-over-surety-bond.html Fri, 21 Aug 2009 11:56:38 GMT "Donelon and Citizens Chief Executive Officer John Wortman have been trying to locate insurance companies to write the $95 million bond for a fee but no takers have been found."

Read it here. ]]> Surety Bond News Surety Insider http://forums.jwsuretybonds.com/surety-bond-news/2410-house-speaker-questions-whether-state-bond-commission-has-authority-over-surety-bond.html