Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...

Construction projects today are growing in complexity as labor shortages, supply chain issues, and rising costs persist. As a result of unpredictable risk exposures like these, surety bonds continue ...

ALEXANDRIA, Va., Nov. 6-- The American Subcontractors Association issued the following news release: If the Supreme Court of Minnesota does not reverse an appeals court's decision holding construction ...

Norfolk Southern is suing Federal Insurance Company, accusing the surety of refusing to act on a performance and payment bond.

A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to ...