Contractors that enter into design-build contracts can significantly increase their risk by taking on the design responsibilities for a project. Continue »
James P. Schabarum II
Part I of Surety Outlook 2017: Staying the Course addressed the economy, architectural billings and the state of the surety industry. While contractors are enjoying healthy backlogs and healthy profit margins, prudent contractors are studying the elements, properly manning and provisioning, and regularly charting their destinations to be disciplined and stay on course. Continue »
The U.S. surety Industry will continue to realize growth in overall premiums, and likely experience a modest increase in loss activity in 2017. Continue »
There has been slow and steady improvement in the surety industry in recent years, mirrored in the U.S. economy and other related financial markets. Continue »
The surety industry reports fewer claims than expected in the last few years and remains optimistically braced for profitable results again in 2015.