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The Surety Bond Blog

Category Archives: Wage & Welfare Bonds

Wage & Welfare Union bond information and current events. Learn where to obtain this type of bond and why it is so difficult in today’s surety bond marketplace.

15
Dec
2011

Surety Industry Deceptively Booming Despite Recession

The world of surety seems to be doing just fine amidst the down economy. There are still a lot of construction jobs available and many bonds to be written; but could the healthy appearance of the surety industry be somewhat of an illusion?




23
Sep
2011

Public Officials Blindly Writing Surety Law

Legislatures in Texas have enacted a new law directly affecting the surety bond industry. When one looks at the changes included in the bill, it’s hard to see what it actually accomplishes; it raises the question of whether the legislators writing laws affecting the world of surety have adequate knowledge of the industry.




02
Sep
2011

Surety Bonds: Moving From Paper To The Digital Age

The surety bond industry has been stubborn when it comes to any kind of change. For the most part, things have been done the same way for years while ignoring technological advances. As of recent, companies have begun to embrace the digital age and have been harnessing it to improve and evolve the industry.




18
May
2011

Did Robert Kennedy Use Surety Bonds to Destroy Jimmy Hoffa?

Nearly thirty-six years after disappearing from a Detroit parking lot, the body of Jimmy Hoffa has yet to be found. While no one, including FBI investigators, has been able to discern what happened to the labor union leader in the last days of his life, what happened in the years leading up to his disappearance read more »




31
Mar
2011

Surety Bond Rate Shock, When Low Rates Go Sky High

There are countless clients calling us at JW Surety Bonds who are surprised and even frustrated when they find out how much a bond will cost them. Many of these customers have had bonds years ago claiming they only had to pay a fraction of what they are being asked to pay these days; what read more »




03
Sep
2009

Utah Professional Employer Organization (PEO) Bond

There is a new requirement for Professional Employer Organizations in the state of Utah referred to as HB 159. The new law requires the Professional Employer Organizations (PEOs) to sustain a minimum working capital of $100,000 or post a bond in an amount no less than $100,000. The surety bond would guarantee the payment of read more »