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R5 - State of the Surety Industry 
June 25, 2013   4:00pm - 5:15pm
  Synced Audio / Video / Slides

The surety industry had another good year in 2012, but it’s important to take a deeper look at the numbers. The President of the National Association of Surety Bond Producers (NASBP) will present an update of the surety industry and what lies ahead! After participating in this session, you will be able to:

• Describe the current surety market and its capacity, including the overall patterns of contract losses incurred and profitability in the past 50 years
• Identify steps to take in order to maintain and secure surety credit
• Recognize steps to take to protect your company from fraud and investigate and verify a bond and a surety company
• Describe and differentiate the surety industry’s principal concerns when underwriting small, mid-sized, and large contractors
• Identify recent trends in legislation that threaten the surety product and the protections that it offers taxpayers

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