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  1. Surety Insider
    Surety Insider is offline Surety Claims Expert
    Join Date
    Jan 2008
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    311

    "House speaker questions whether State Bond Commission has authority over surety bond

    "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.
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  2. Surety Insider
    Surety Insider is offline Surety Claims Expert
    Join Date
    Jan 2008
    Posts
    311

    Update...

    New insurance policy assessment may not be needed, commissioner says

    "If Citizens has to post the bond on its own, it would have to take $95 million out of its $100 million checking account, leaving roughly $5 million to operate and possibly delay the claim-paying process at the height of the hurricane season."
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