Recent Posts
Is it M for Thousand and MM for Million, or K for thousand and M for Million? I’m asking for a friend.
Western Civilization has had two powerful influences – the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god ...
Will COVID- 19 Be Considered a Force Majeure?
On March 17, 2020 the City of Boston became the first city, but not likely the last city to close down all construction projects currently in progress due to the ...
Seven Things You Didn’t Know About Surety
It’s really old Not only was surety mentioned in the ancient Code of Hammurabi (circa 1754 BC), it is mentioned in the Bible and in The Quran. Ancient Roman ...
Picture Day for Contractors
If there is one thing I learned in grade school, it is that some days are more important than others. Most notably, in the life of a grade schooler, picture day ...
Release of Retainage Bonds: A Tool That Can Provide A Benefit To The Contractor
I was holding an annual surety account meeting out on the golf course one day with the agent and the contractor. This contractor works primarily as a ...
Letter of Bondability – It Is Not The Prequalification Some Think It Is
You may refer to them as Good Guy Letters, Sunshine Letters or just a Contractor Letter of Bondability. These letters have been around a long time, and their ...
It's Pig Iron Under Water!
To some of my fellow insurance professionals, the surety business has always had an air of mystery about it. Perhaps it is the exotic language we use referring ...
Why Character is So Important for Underwriting Surety Bonds
I remember receiving a particular account submission some years ago. The agent told me I was going to see some distress in their financial trend, but there were ...
