ORSC Blog

Understanding the Claim Process for Bonds vs. Insurance The claims process for surety bonds is considerably different from the process for an insurance claim. One significant distinction is which party is ultimately ...
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 ...
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 ...
Insurance Agents Should Promote Business Services Bonds. We like to think that service employees are honest and always have the customer in mind. Unfortunately, an employee working in a customer’s home or business may ...
Fidelity Bonds: Good for Employers and an Insurance Agency's Bottom Line It’s an all-to-common occurrence: A trusted, long-time employee starts stealing from the company. At first, it may be only a few small items. Then the employee ...
In the Spotlight With Old Republic Surety Marketing Rep - Vince Cefalu From a movie with Clooney to winning multiple awards in marketing, this Hollywood Actor takes us on a tour of his west-coast life. But lucky for us, we get to ...
Surety Bond Claims 101 There’s nothing quite like the sinking feeling you get when you hear there’s a claim against your bond. Despite your best intentions, it’s likely that you’ll face ...
The Importance of License and Permit Bonds There’s an element of risk in every business transaction.  License and permit bonds were created so that municipalities could help protect citizens from ...
Corporate Crime - How Fidelity Bonds May Reduce it's Impact on Your Business The industry refers to employee theft as white-collar crime – or corporate crime. Corporate crime refers to financially motivated, nonviolent crime committed by ...
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 ...

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