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Sponsored Content from Old Republic Surety The USS Alabama, an 80-year-old battleship commissioned during World War II, is the main attraction at Battleship Memorial Park in Mobile, Alabama. With more than 15 million visitors since the park opened in 1965 and nearly $1 billion in economic impact to the state, the ship is an important part of military history and a source ...

Sponsored Content from Old Republic Surety Posted by Kelly Kimmel There is a saying in the construction surety world: “Contract is king.” If your contract and bonds end up in a litigation setting, courts tend to hold the surety to the contract over the bond forms. Performance and payment bonds, by their nature, carry out the terms of a contract and ...

Sponsored Content from Old Republic Surety Posted by Beth Harbeck The internal workings of the surety make or break agent experience. You know the situation: marketing comes in, does a great presentation, and ratchets up the energy level. The desired result occurs, and bond agents commit to increasing production; then, they enter the underwriting process and… How many agents have ...

Sponsored Content from Old Republic Surety Posted by Greg Thraikill A narrow 60-mile-wide path across the Unites States from Texas to Maine will witness a total eclipse of the sun on April 8, 2024. Solar eclipses are visible somewhere on Earth once every 18 months, yet witnessing a total eclipse is rare. “A total eclipse happens at any given station ...

Sponsored Content from Old Republic SuretyPosted by Beth Harbeck 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 administrator bond. An administrator executor, fiduciary, or personal representative bond is a type of court bond required to safeguard the estate and ensure that the wishes ...

Sponsored Content from Old Republic Surety If a general contractor retains the primary liability for the completion of a project whether subcontractors are bonded or not, what is the big benefit in requiring subs to be bonded? Doesn’t it send the wrong message that the GC does not trust the subs? Why Require Subcontractors To Be Bonded? The answer is ...

Sponsored content from Old Republic Surety Dan Pope, Senior Vice President, Old Republic Surety, offers key considerations for preventing payment-guarantee gaps, in his blog “Mind the Gap: Start Early to Guarantee Payment to Subcontractors” on the website of the Construction Financial Management Association. There are numerous reasons why construction payments could get delayed across the various tiers of a construction ...

Sponsored Content from Old Republic Surety Posted by Wayne Messick, AFSB Are you ready to grow your business? Maybe you’d like to bid on larger projects. Or the owner of your current job likes your work and wants to hire you for something bigger. How do you get to the next level? It’s not as difficult as you may think ...

Sponsored Content from Old Republic Surety Posted by Daniel Christianson, AFSB 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 of the surety industry since its inception. Capital is the most commonly discussed and the easiest C to understand. Contactors need to have sufficient ...

Sponsored Content Posted by Old Republic Surety The City and County of Honolulu faced a challenge: how to build affordable, low-income housing on an island known for its high construction costs. The solution turned out to be pre-fabricated units manufactured in Canada, shipped to Honolulu and installed by a local contractor. But before construction could begin, the contractor, T. Iida ...