Claims inflation, wildfire risk, and litigation pressures are forcing developers to rethink how they build and who they ...
Construction bonds are vital tools in the construction industry. A construction bond is an instrument arising out of suretyship law. A project owner may require a contractor to obtain one or more ...
Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...
Bond insurance is a safety net that guarantees the payment of principal and interest on a bond if the issuer defaults. If the company or government entity can’t repay the debt as promised, the bond ...
Bond insurance protects investors if the bond issuer defaults, ensuring missed payments are covered. Insured bonds often receive higher ratings, reducing risk and allowing issuers to pay lower ...
The Oklahoma Supreme Court has rejected a contractor’s performance bond claim due to the lack of adequate notice to the subcontractor’s surety (see Flintco LLC v. Total Installation Management ...
"More insured bond volumes overall suggest better financial metrics for the companies themselves, plus improved liquidity for insured paper," said Matt Fabian, a partner at Municipal Market Analytics.
Bond insurance, or financial guaranty insurance, is a safety net that guarantees the payment of principal and interest on a bond if the issuer defaults. Read on to learn more about bond insurance and ...
Construction bonds ensure project completion and quality, protecting owners if a contractor fails. Contractors must provide financials and project details to secure bonds. Multiple bond types cover ...
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