Surety Insurance Insights and Career Resources

A recent Pennsylvania Supreme Court decision provides important clarification for the surety industry, confirming that the state's insurance bad faith statute does not apply to surety bonds while addressing the impact of arbitration awards, attorney's fees and interest on payment bond claims. Learn the key rulings and practical considerations for sureties, contractors and agents.

The SBA’s recent audit of federal set-aside contractors signals heightened scrutiny and evolving legal risk for sureties and agents. This article examines why the audits are happening, how False Claims Act exposure has developed through recent case law, and what ownership and control red flags sureties and agents should watch for to help mitigate potential liability.

Discover how skills from mortgage underwriting, finance, or construction translate seamlessly into a rewarding career in Surety. Learn why this growing field values analytical strength, real-world project insight, and strong relationship-building—and explore open Surety roles at IAT Insurance Group.

With high inflation, an increase in claims and more entrants into the surety market, your choice of risk management partners is more important than ever. Here’s how to choose wisely: 

As the construction industry faces labor shortages, subcontractor defaults, unpredictable interest rates, inflation, pandemic-related hurdles, private equity involvement, and evolving project types, the need for proactive strategies becomes crucial.

Property insurance offers protection for a building once it's operational. A builder's risk policy insures against physical loss or damage to a building during construction.

Contractors need to be aware of how the law pertaining to Buy American requirements has changed and how it could affect their businesses in new ways.

Whether you are just starting out or considering a mid-career pivot, there's a lot to be said for a career in insurance, but often lesser known are opportunities in surety.

To stay on track despite economic headwinds, public and private project owners leverage surety bonds.

For more information on how to protect yourself from FCA risk and ensure compliance with new laws, regulations and other requirements, contact the IAT team.