Don’t Be Caught Off Guard: The Impact of the Trade War on Import Bond Sufficiency

When:  Jul 16, 2019 from 2:00 PM to 3:00 PM (ET)
In the current trade environment, with the trade war that has been affecting more and more goods, surety companies writing customs import bonds are seeing more bond increases than ever before.  This topic is more important than ever for surety bond producers and sureties to take a look at, as in last 12 months, U.S. Customs & Border Protection (CBP) has issued over 10,000 import bond insufficiency letters, five times the average number of annual increases for the past 10 years. Presenter Colleen Clarke of Roanoke Insurance Group Inc. will provide insight on how to properly determine bond amounts and how to assist your importer clients in projecting the proper bond amount going forward.