The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $98.6 million. The super-regional property/casualty insurance carrier’s previous capacity was $93.4 million. According to Main Street America, the …
TheGuarantors, a New York based insurance tech startup founded in 2014, is seeking to make renting an apartment in New York easier for landlords, brokers and renters through its newly launched tech-enabled lease guarantee platform. The platform, which serves as …
A Portland, Ore.-based electricity provider that fired the contractor building its natural gas plant in Boardman is suing the backers of a bond guaranteeing construction. The East Oregonian reported Portland General Electric filed the lawsuit March 23 against Liberty Mutual …
The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional property/casualty insurance carrier’s previous capacity was $90.5 million. According to a statement …
Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary, ArgoGlobal SE, which has been authorized by the …
Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG), a subsidiary of Lexon and a privately-held insurance holding company specializing in the business of surety bonds. Ironshore will provide …
Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take effect later this year. The Moving Ahead for Progress in the 21st Century Act (MAP 21) transportation reauthorization bill was …
Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market. Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of surety bonds in …
Montana’s insurance commissioner has ordered a North Dakota man to pay $168,000 in fines and restitution for selling fake surety bonds for a construction project on the Fort Belknap Indian Reservation. The commissioner’s office alleged Dennis Lyon, also known Robert …
Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned indirect subsidiary of Lexon. Lexon …
