Comments on: Surety Bond Rates http://www.jwsuretybonds.com/blog/surety-bond-rates General to specific surety bond information, as well as current events within the industry. Wed, 08 Feb 2012 19:31:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Michael Weisbrot http://www.jwsuretybonds.com/blog/surety-bond-rates/comment-page-1#comment-1973 Michael Weisbrot Wed, 07 Apr 2010 13:45:38 +0000 http://www.jwsuretybonds.com/blog/?p=8#comment-1973 Please note, the above article was written in 2004, a couple of years after the "soft" surety market. From your post, I am assuming you have a commercial surety bond. There are really only 2 markets when it comes to commercial surety: the standard market and the high risk market. The high risk market is anywhere from 5-15x the cost of the standard market. I agree, their rates are VERY high and not proportional with the risk. Fortunately, the laws of supply and demand are starting to come into play. We are seeing more sureties enter the high risk market and better yet, they are filing lower rates. Please note, the above article was written in 2004, a couple of years after the "soft" surety market.

From your post, I am assuming you have a commercial surety bond. There are really only 2 markets when it comes to commercial surety: the standard market and the high risk market. The high risk market is anywhere from 5-15x the cost of the standard market. I agree, their rates are VERY high and not proportional with the risk. Fortunately, the laws of supply and demand are starting to come into play. We are seeing more sureties enter the high risk market and better yet, they are filing lower rates.

]]> By: ol2fiddy http://www.jwsuretybonds.com/blog/surety-bond-rates/comment-page-1#comment-1971 ol2fiddy Wed, 07 Apr 2010 01:10:11 +0000 http://www.jwsuretybonds.com/blog/?p=8#comment-1971 RIP OFF rate is an accurate description. More claims in the past two years than in the last ten years DOES NOT justify a 2000% increase. This conduct is actionable, to say the least. RIP OFF rate is an accurate description. More claims in the past two years than in the last ten years DOES NOT justify a 2000% increase. This conduct is actionable, to say the least.

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