Builders in Virginia and Oregon have new regulations regarding bonds for their contractors

The states of Virginia and Oregon adopted new legislation in 2017 that introduced surety bond requirements for contractors.

In Virginia, the new bond legislation reduced financial burdens on contractors which were otherwise required to demonstrate a certain amount of net worth. In Oregon, a surety bond requirement was introduced for…

Developers Surety and Indemnity Co. (AmTrust) seeks reimbursement from Parkwood Pointe Associates, others

PITTSBURGH – A California company that issues performance bonds alleges that two entities and an individual have failed to perform their obligations under a bond.

Developers Surety and Indemnity Co. filed a complaint on Dec. 19, 2017, in the U.S. District Court for the Western of Pennsylvania against Parkwood Pointe…

Copyright © 2017, Bond-Pro, LLC. All Rights Reserved.