General Indemnity Group Announces the Acquisition of United Casualty and Surety Insurance Company

General Indemnity Group, LLC, (“GIG”), a subsidiary of Boston Omaha Corporation (OTC: BOMN), announced today that it has completed the previously disclosed acquisition of United Casualty and Surety Insurance Company (“UCS”), of Quincy, Massachusetts. UCS is a leading provider of both contract and commercial surety products, and has earned…

Clear Skies Ahead For US Surety Bond Sector

After 2 successive years of growth, rally in overall premiums is expected to continue

Things are looking bright for the surety bond industry.

After two successive years of growth, the rally in overall premiums is expected to continue next year despite an expected rise in loss activity. Industry experts say the…

Canada- Is there a labour and material payment bond on my project?: Why it’s always wise to ask

legislation

Many owners, particularly large corporations or public entities, require contractors to provide a labour and material payment bond to ensure that sub-trades are paid and (hopefully) avoid protracted payment disputes. A typical labour and material bond creates a tri-partite relationship among the principal (the contractor who is being bonded),…

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