March / April, 2012

In talking to surety executives these past weeks, I learned that many attribute the positive returns to balance sheets that entered the downturn in good shape and to good communications between the surety agent and contractor with regard to addressing the contractors’ lack of work.

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NASBP is working to identify potential champions in the US Senate for HR 3534. Some NASBP members have contacted key members in the Senate to enlist their support. We clearly still have much ground remaining and your presence in DC is needed!

Legal Risks of Social Media and the Surety Bond Producer -- Social media can be used by both employers and employees for an enhanced employment experience. It can also be misused, creating legal liabilities for the employer. Be alert to the potential legal issues surrounding common practices in the employment context.
 

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It is rare for surety professionals to have the opportunity to watch our customers skillfully work through issues they have with their owners unless the situation is bad, and we are summoned to the table. FedCon gives us one such opportunity.   


 

The MD SB 764 (Kelley)/HB 885 (Jameson) bill represents a major accomplishment for the NASBP membership and the surety industry. The legislation will be sent to the governor for his signature soon. NASBP has been invited to participate in the signing ceremony.

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