JD Supra

The Role of Surety Bonds in Construction Projects

Surety bonds serve as a safeguard to ensure the fulfillment of contractual obligations and help owners manage the risks that ...
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 ...

Refunded Bonds Explained: Securing Your Principal Amount

Refunded bonds secure investor principal by holding the cash amount aside via the original issuer, providing low-risk ...
Insurancenewsnet.com

Jet Insurance Company Provides Relief to Contractors in Challenging Bond Market

SACRAMENTO, Calif., July 19, 2023 /PRNewswire/ -- Jet Insurance Company ("Jet") is entering the market for contractor bonds in California, marking the first time in recent history that contractors ...