Surety bond

The Liberty Company Insurance Brokers Partners with Northern California-based M.B. McGowan & Associates Insurance Agency

Retrieved on: 
Tuesday, September 24, 2019
Sureties, Economy, Finance, Money, Insurance, Building engineering, Surety bond, Bond

LOS ANGELES, Sept. 24, 2019 /PRNewswire/ -- The Liberty Company Insurance Brokers announced today a partnership with M.B.

Key Points: 
  • LOS ANGELES, Sept. 24, 2019 /PRNewswire/ -- The Liberty Company Insurance Brokers announced today a partnership with M.B.
  • McGowan & Associates is an independent insurance agency that works exclusively with surety bonds, largely for the construction industry.
  • "But that's Mike McGowan and we couldn't be happier to bring his extensive background in the construction surety space together with Liberty's insurance capabilities.
  • McGowan
    The Liberty Company Insurance Brokers provides entrepreneurial producers and agency owners a unique platform to create equity value in a rapidly growing organization with an amazing culture built on trust, excellence, creativity, diversity, teamwork, good feelings and fun.

Liberty Mutual Surety Names Douglas Schrift Chief Underwriting Officer, Subcontactor Default Insurance

Retrieved on: 
Monday, August 19, 2019
Economy, Service industries, Finance, Sureties, Liberty Mutual, Insurance, Aon, Surety bond

BOSTON, Aug. 19, 2019 /PRNewswire/ --To help better meet the full risk management needs of mid to large-sized contractors, Liberty Mutual Surety has appointed Douglas Schrift and charged him with developing the company's Subcontractor Default Insurance (SDI) offering.

Key Points: 
  • BOSTON, Aug. 19, 2019 /PRNewswire/ --To help better meet the full risk management needs of mid to large-sized contractors, Liberty Mutual Surety has appointed Douglas Schrift and charged him with developing the company's Subcontractor Default Insurance (SDI) offering.
  • Schrift will report to Fran McGrath, Chief Credit Officer, Contract Surety, Liberty Mutual Surety.
  • Prior to joining Liberty Mutual, Schrift was Managing Director for Aon's Construction Services Group SDI practice.
  • Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the 2nd largest surety in the U.S. and a leading surety globally.

LeaseLock Launches Zero Deposit Insuring Over $100M In Leases

Retrieved on: 
Wednesday, August 14, 2019
Insurance, Sureties, Economy, Deposit, Surety bond

Early release Zero Deposit clients have insured over $100 million in leases to-date.

Key Points: 
  • Early release Zero Deposit clients have insured over $100 million in leases to-date.
  • LeaseLock published Zero Deposit performance results across three of its clients totaling 21,790 apartment homes.
  • "Our new Zero Deposit product is a giant leap forward from anything that's existed before," said Derek Merrill, founder and COO of LeaseLock.
  • Headquartered in Marina Del Rey, CA, LeaseLock Zero Deposit totally eliminates all deposits, surety bonds, cosigners and guarantors.

Prestige Employee Administrators Earns National Distinction

Retrieved on: 
Monday, August 12, 2019
Consulting, Accounting, Professional services, Small business, Other Professional Services, Insurance, Human resources, Finance, Human resource management, Employers, Professional employer organization, Employment, ESAC, Surety bond, Employee benefits, Payroll, Economy, Human activities

Prestige Employee Administrators has earned accreditation through the Employer Services Assurance Corporation (ESAC) Client Assurance Program, the gold standard credential for Professional Employer Organizations (PEO).

Key Points: 
  • Prestige Employee Administrators has earned accreditation through the Employer Services Assurance Corporation (ESAC) Client Assurance Program, the gold standard credential for Professional Employer Organizations (PEO).
  • These responsibilities include payment of wages, taxes, employee benefits and insurance premiums; all covered by over $15 million of surety bonds for Prestige Employee Administrators clients.
  • For more than 20 years, Prestige Employee Administrators has provided small and mid-sized businesses (SMBs) with payroll, employee benefits, human resources, risk and compliance services.
  • We applaud Prestige Employee Administrators on earning ESAC accreditation.

Liberty Mutual Surety Approved To Participate In Surety Bond Guarantee Preferred Program

Retrieved on: 
Tuesday, August 6, 2019
Sureties, Economy, Finance, Service industries, Surety bond, Guarantee, Liberty Mutual, Bond, Insurance, Performance bond, Kansas Bankers Surety Company

BOSTON, Aug. 6, 2019 /PRNewswire/ --Liberty Mutual Surety, the second largest surety in the U.S. and a leading writer globally, has been approved by the U.S. Small Business Administration to participate in the Surety Bond Guarantee (SBG) Preferred Program through two entities: Liberty Mutual Insurance Company and The Ohio Casualty Insurance Company.

Key Points: 
  • BOSTON, Aug. 6, 2019 /PRNewswire/ --Liberty Mutual Surety, the second largest surety in the U.S. and a leading writer globally, has been approved by the U.S. Small Business Administration to participate in the Surety Bond Guarantee (SBG) Preferred Program through two entities: Liberty Mutual Insurance Company and The Ohio Casualty Insurance Company.
  • The SBG Preferred Program provides surety bond guarantees to small businesses that may not meet the criteria of other surety providers.
  • Joining the Small Business Administration's Preferred Surety Bond Guarantee Program also opens more doors for Liberty Mutual Surety appointed agents, as they can now work with customers they hadn't been able to provide bonds to previously.
  • Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the second largest surety in the U.S. and a leading surety globally.

EPIC adds Surety Specialists Eric Feighl and John Hohlt in Houston

Retrieved on: 
Tuesday, July 23, 2019
Sureties, Insurance, Building engineering, Surety bond, Underwriting, Bond, Economy, Law, Private law

Based in EPIC's Houston, TX office, Feighl and Hohlt will report to KJ Wagner, EPIC Managing Principal and Director of the Southwest Region.

Key Points: 
  • Based in EPIC's Houston, TX office, Feighl and Hohlt will report to KJ Wagner, EPIC Managing Principal and Director of the Southwest Region.
  • Both join EPIC from Marsh Wortham in Houston, where Feighl spent more than 20 years as a Managing Principal and a Surety Bond and Executive Liability Broker.
  • Feighl and Hohlt have extensive knowledge of both contract and commercial surety underwriting obligations and requirements.
  • "Both are well-respected, creative, highly consultative surety specialists who will deliver great value to our clients and to other EPIC team members.

Tinubu Square Launches Bonding Insurance Suite

Retrieved on: 
Wednesday, July 10, 2019
Data management, Technology, Professional services, Security, Software, Insurance, Human resources, Finance, Economy, Finance, Money, Lagos Island, Tinubu Square, Bola Tinubu, Surety bond, Insurance, Link aggregation

Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions, is launching today the Tinubu Bonding Insurance Suite (BIS), which has been developed to serve the surety bonding needs of insurers.

Key Points: 
  • Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions, is launching today the Tinubu Bonding Insurance Suite (BIS), which has been developed to serve the surety bonding needs of insurers.
  • The same dedication to improving visibility and delivering results has been written into the Bonding Insurance Suite.
  • Olivier Placca, Tinubu Square Deputy CEO, said: Tinubu has grown a large and loyal customer base amongst international insurance companies.
  • Key features of the Tinubu Bonding Insurance Suite include:
    Administration The capability to manage users, their permissions and authorities within the system.

The Surety Place Awarded National Surety Agency Of The Year

Retrieved on: 
Wednesday, June 26, 2019
Sureties, Surety bond, Bond

PHOENIX, June 26, 2019 /PRNewswire/ --Surety Placement Services, LLC DBA The Surety Place, was awarded national Surety Agency of the year by the SBA for the 2018 fiscal year.

Key Points: 
  • PHOENIX, June 26, 2019 /PRNewswire/ --Surety Placement Services, LLC DBA The Surety Place, was awarded national Surety Agency of the year by the SBA for the 2018 fiscal year.
  • The Surety Place is honored to be considered a leading national surety agency and finds it important to continue growing in their partnership with the SBA and the SBG Program moving forward.
  • The Surety Place works to build lasting relationships with each of their clients in hopes to be their surety bond agency for life.
  • - Keith A. Kroll, Kroll Contractors, INC.
    About The Surety Place:The Surety Place is a national surety account management group capable of facilitating all bonding needs whether large or small in any of the 50 states.

LeaseLock Analysis: Multifamily Top 50 Operators Accelerate Leasing by Totally Eliminating Deposits

Retrieved on: 
Tuesday, June 25, 2019
Economy, Sureties, Finance, Money, Contract law, Real property law, Leasing, Renting, Surety bond, Security deposit, Lease, Bond

"By building a better transaction process by totally eliminating deposits, apartment operators are seeing significant improvements in closing ratios and accelerated leasing.

Key Points: 
  • "By building a better transaction process by totally eliminating deposits, apartment operators are seeing significant improvements in closing ratios and accelerated leasing.
  • With LeaseLock, apartment operators eliminate all security deposits, surety bonds, cosigners and guarantor services on every new lease.
  • LeaseLock is the first nationwide Lease Insurance program, launching across more than 1 million rental units across the NMHC Top 50.
  • Leading operators who have replaced security deposits with LeaseLock include Avenue5 Residential, LMC, ROCO Real Estate, CORE Realtyand The Bainbridge Companies.

Surety Bond Authority Announces Its Scholarship Contest Today

Retrieved on: 
Tuesday, June 18, 2019
Sureties, Law, Surety bond, Guarantee, Bond, Economy, Performance bond

LOS ANGELES, June 18, 2019 /PRNewswire-PRWeb/ -- Surety Bond Authority has announced its postsecondary scholarship contest today.

Key Points: 
  • LOS ANGELES, June 18, 2019 /PRNewswire-PRWeb/ -- Surety Bond Authority has announced its postsecondary scholarship contest today.
  • This is not the first time that the California-based surety bond company will be conducting a scholarship contest.
  • In fact, Surety Bond Authority provides annual scholarships to help one deserving student who lacks the financial resources to afford college.
  • Surety Bond Authority has been providing financial guarantee through surety bonds to thousands of individuals and business entities across the country.