The United States Department of Agriculture released this information on July 25. Bashas Inc., a retailer headquartered in Chandler, Ariz., which operates retail locations throughout Arizona, has posted a $1.5 million cash surety bond with…
Starting a small construction firm can be challenging, especially when contractors are unfamiliar with the surety bond process. For this reason the U.S. Small Business Administration provides bonding services through its Office of Surety Guarantees….
In 2008, William Raymond Miller, II pleaded guilty to committing $535 million in surety fraud that reached states as far away as Florida. On June 30, 2011, the Eleventh Circuit of the U.S. Court of…
The Surety & Fidelity Association of America (SFAA) is a trade association made up of companies that collectively write the majority of surety and fidelity bonds in the United States. The SFAA’s mission statement explains…
An Illinois court ruled Monday that an insurance company is responsible for paying claims made against its principal’s community currency exchange bonds. Leading up to Hartford Fire Insurance Company v. Bank of America The Illinois…