Author Archives: Christine Cusatis

Facilitating International Commercial Surety

As the global economy changes, the need to provide bonds in another country for U.S. domiciled companies will increase. What do you do when your biggest U.S. client needs a bond in another country? This article outlines some of the issues that should be considered when arranging for a bond to be written outside of the U.S. READ MORE…

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SDI Insured Must Shoulder Burden to Pursue Claims Against CGL Policy

A joint venture is a partnership between one or more companies to take on a commercial enterprise. Joint ventures have been used in the construction industry for years but have become increasingly common as projects continue to become larger, more complicated, and more specialized. READ MORE…

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Practical Insights: What You Need to Know – Joint Ventures in Construction

A joint venture is a partnership between one or more companies to take on a commercial enterprise. Joint ventures have been used in the construction industry for years but have become increasingly common as projects continue to become larger, more complicated, and more specialized. READ MORE…

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Making a Difference: NASBP Members Support Trauma Treatment for Vets

Last year, at NASBP’s 2015 Annual Meeting, former soldier Doug Bauldwin spoke about his struggles with post-traumatic stress (PTS) and the breakthrough treatment that turned his life around. His story inspired an outpouring of support from NASBP members. In less than a year, with contributions still coming in, individuals, agencies, and surety companies have raised more than $120,000 to support ...

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Applied Education: NASBP Surety School Provides Tools to Use Every Day

Visit the office of Sean Cunningham, professional associate at ACE Surety in Philadelphia, and you’ll see the binder that he received at NASBP’s Level II Surety School sitting on his desk. “I refer to it at least five times a week, refreshing myself on what I learned there,” he said. “We covered all the fundamentals about the work in process, ...

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Mining the Value of the NASBP Member Network

Experienced and new producers can reap rewards from the Association’s membership network. A last minute bid bond misrouted by a courier can be a heart stopper for a client. When a producer doesn’t have an office in the same town where that client is working, it’s even more distressing. Fortunately, when the paperwork Susan Hecker’s customer needed didn’t arrive as ...

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Public-Private Partnership Projects

Bonding process considerations for bond producers and sureties. Public-Private Partnerships (P3s) continue to be a hot topic of discussion, and their use for delivering large, multifaceted infrastructure projects continues to grow in the United States. According to Aon Risk Solutions’ 2015 Surety Market Update and Forecast, there were five closed P3 deals in the U.S. in 2014, with a combined ...

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NASBP Attorney Advisory Council Participates in NASBP Regional Meetings

Three attorneys who serve on the NASBP Attorney Advisory Council (AAC) delivered presentations at the NASBP Regional Meetings. The NASBP Attorney Advisory Council, formed this spring, is comprised of eight attorneys, with deep knowledge and experience in surety law, construction law, and/or government contracts. They serve as a resource team to NASBP and provide substantive content to articles, virtual seminars, ...

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Unraveling the Mystery of Court Bonds

For parties engaged in litigation, court bonds are often a useful tool. Because there is such a variety of these bonds, it is often difficult to know the proper name and purpose of each of them. This article will provide a brief explanation of the primary types of court bonds that are available, along with a few useful tips for producers and ...

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