With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

Earlier this month, a subcontractor default insurance company filed suit against an electrical subcontractor in New York state court. The claim: a $12.8 million loss caused by the subcontractor’s ...

Among the worst nightmares for every construction project is the subcontractor default, where a particular trade subcontractor cannot meet its contractual obligations due to insolvency, mispricing or ...

Robert Raney, construction surety business unit leader for Travelers Bond & Specialty Insurance, speaking at the National Association of Surety Bond Producers annual convention in Colorado Springs.

"Subcontractor default risk represents another highly specialized market where Hudson can make a difference by offering much needed underwriting expertise to meet the growing needs of larger, ...

New assessments allow general contractors to understand contractors' financial viability, capacity, experience, and other default risks. Highwire's Prequalification includes past project experience, ...

Subcontractor defaults often cause major problems for construction projects which, in turn, cause problems for the general contractor vis-à-vis the owner. A potential solution comes in the form of ...

NEW YORK--(BUSINESS WIRE)--Hudson Insurance Group (Hudson) today announced that its new Subcontractor Default Insurance (SDI) business unit has commenced underwriting under the direction of Wallace ...