The Bank of Kansas City has frozen $3.4 million in renovation funds after the surety bond company that backed the project went bankrupt. The money was to be used on a half-billion-dollar renovation of the Truman…
Effective March 2010, the Director of Financial Institutions of Illinois offers a new kind of currency exchange bond that is available to certain enterprises that operate within the state. This bond has become increasingly relevant…
A pharmacy industry group is still working to eliminate a new regulation that requires durable medical equipment suppliers to obtain a $50,000 surety bond as part of a new accreditation process. In the mean time,…