JD Supra

The Power of Incorporation Compels You: Surety Succeeds in Compelling Contractor to Arbitrate Bond Claims Pursuant to Arbitration Clause in Subcontract

In Swinerton Builders, Inc. v. Argonaut Insurance Co., Swinerton Builders, a contractor, sued a surety on bond claims arising from defaults by its subcontractor on a series of work orders. The owner ...
The Motley Fool

What Is a Surety Bond: Definition and How It Works

Surety bonds protect interests in contracts, ensuring funds are available if obligations are unmet. They differ from investment bonds, focusing on guaranteeing contract fulfillment rather than earning ...
JD Supra

Your Word is Your Bond: Fifth Circuit Court of Appeals Determines Surety Bonds are Not Executory Contracts Even Through Multiparty Approach in In re Falcon V, LLC

Following an August 11, 2022 opinion from the Court of Appeals for the Fifth Circuit, certain irrevocable surety bonds will not be considered executory contracts in bankruptcy, even when a court ...
For Construction Pros

The Importance of Surety Bonds for the Concrete Contractor

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...
Insurancenewsnet.com

The Institutes RiskStream Collaborative® Builds Off the Success of its Surety Bonds Power of Attorney Verification Lab to Launch Second Surety Bond Lab

The Institutes RiskStream Collaborative®, the risk management and insurance industry's largest enterprise-level blockchain consortium announced plans to advance its international efforts on the Surety ...
Business Wire

SuretyDIGIT Coalition Launches to Propel Digitization Efforts in the Surety Bond Industry

MALVERN, Pa.--(BUSINESS WIRE)--The SuretyDIGIT Coalition announced their launch today. The goal of the coalition is to bring stakeholders together to modernize and digitize surety bond operations. Due ...