ORSC Blog

What Surety Underwriters Review on Your Bond Applications and Construction Contracts What Surety Underwriters Review on Your Bond Applications and Construction Contracts Surety underwriters ask a lot of questions. They do so to fully understand your business to better support your project opportunities. Part of the process is ...
Financial Fallout from a Terminated Contract The Financial Fallout from a Terminated Contract No one wins — the principal, the obligee or the surety — when a principal is terminated on a bonded project. A termination will generally require the surety to ...
Bringing Communities Together One Stadium at a Time America’s love of baseball is about so much more than the game itself. It’s also about the overall ballpark experience.
tips for surety producers 5 Helpful Tips for New Surety Producers President Joe Biden’s Infrastructure and Jobs Act that passed in 2021 has opened huge opportunities to construction contractors who have the capacity to help ...
juggling capacity Contractor Capacity: The Oft Neglected Third C Anyone who has dealt with surety has come across a reference to the three Cs of underwriting: Capital Character Capacity These three criterion have been constants ...
Relationship-based surety I’ll Be There for You Dan Pope, Senior Vice President of Underwriting for Old Republic Surety, recently joined NASBP's “Let’s Get Surety” podcast hosts Kat Shamapande and Mark McCallum ...
Independent Agent’s Role in the Surety ‘Triangle of Trust’ The Independent Agent’s Role in the Surety ‘Triangle of Trust’ Any definition of surety will list the three signing parties in a contract surety relationship: the principal (or contractor), the obligee (or owner of the ...
Nationwide Multistate Licensing System & Registry (NMLS) What Is NMLS and Why Should Bond Producers Be Using It? If you have clients who are in the mortgage business, you may already know about the Nationwide Multistate Licensing System (NMLS). It began as a system of record ...
Workers’ Compensation Safety Records Workers’ Compensation Safety Records Can Affect Your Bond Capacity Once an owner or developer selects your company for a construction project, one of your many tasks is to ensure that your workers’ compensation program meets all ...
Executor Bonds Facts about Probate: Administrator or Executor Bonds Settling wills and estates is often a straightforward process. But in some circumstances, the probate court may require the fiduciary to obtain an executor or ...

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