The Alabama Department of Insurance has issued Bulletin No. 2024-05, announcing a new bond requirement for nonresident surplus lines brokers. Effective January 1, 2025, all nonresident surplus lines brokers will be required to file a surety bond in favor of the State...

On January 8, 2024, Governor Murphy signed into law P.L. 2023, c. 237, which brought significant changes to the Contractors’ Business Registration Act (CBRA) and introduced the Home Improvement and Home Elevation Contractor Licensing Act. These changes aim to enhance...

When undertaking construction, alteration, or repair work on leased property in Nevada, tenants (lessees), property owners, and contractors must adhere to specific statutory requirements outlined in NRS 108.2403. This statute establishes the procedures for posting...

Concord Specialty Insurance Company is an A- rated surplus lines company that is focused on providing fronting capacity to small and midsize programs. Our scope covers nearly every P&C line, except workers comp, and extends across all states except California,...

Miami, a city known for its vibrant culture and stunning landscapes, places immense value on its green canopy. To safeguard this natural treasure during construction, the Miami City Code (17-4(c)(5)) requires a Tree Protection Bond. This bond serves as a guarantee...

In the construction industry, the success of any project is heavily reliant on the stability and viability of its financing. For contractors and sub-contractors, understanding how to verify project financing is an essential step in mitigating financial risks and...