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Mutual just made its client pay up after a New York court backed the insurer's right to recover $411,972 on surety bonds ...
The bond issuer is paid when losses for an entire industry reach a predetermined threshold, known as an "attachment point." As with indemnity triggers, it can take a long time for an industry loss ...
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Catastrophe Bonds: How They Work and Why They Matter - MSNIndemnity Bonds: These bonds are based around the specific losses the issuer experiences. Industry Loss Bonds: Triggered when overall losses in the insurance industry, as measured by a third-party ...
General Indemnity Group, a holding company that focuses on the surety insurance sector, announced the rebranding of its recently merged South Coast Surety Insurance Agency to BOSS Bonds Insurance ...
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