Interview Ten Minutes With David Cayemitte, CEO of Embrace Partners and the Minority Business Development Institute Aileen Cho December 30, 2025 No Comments Executive discusses launch of MBDI University and how he is empowering small firms with education and access to capital.Read More
Surety Manager Who Sent Out Bond Claim Payments to Himself Is Sentenced James Keating cheated Allied World out of more than $1 million Richard Korman March 11, 2025 No Comments A federal judge sentenced James Keating to 20 months in prison, plus restitution.Read More
Berkley Surety Seeks $10 Million From San Antonio Contractor A school district had made a claim under Davila Construction's performance bond Richard Korman November 12, 2024 No Comments The surety's lawsuit against the firm involves numerous contracts and multiple project owners.Read More
Finance Will Real Estate Developers Soon Hold Back Even More Payments? Richard Korman Jim Parsons February 15, 2024 No Comments A historic financial reckoning is at hand with office vacancies and interest rates high.Read More
Project Financing Infrastructure Bill Amendment Would Expand Surety Mandate to TIFIA Tom Ichniowski August 5, 2021 No Comments Proposal would require surety bonds on DOT loan program, including its projects with private funding.Read More
Finance Who May Feel Financial Pain Inflicted by Katerra's Bankruptcy Where did the promise of innovation go wrong? Richard Korman June 10, 2021 One Comment Unpaid trade creditors, obligations to sureties and speculation about what went wrong with the fast-moving startup.Read More
False Claims Act Liability Mediation Fails In Federal Lawsuit Seeking Damages From Sureties for Alleged Contract Fraud Richard Korman July 17, 2020 No Comments Who is responsible if an SBA certification is faked, as the U.S. attorney claims in Narula case?Read More
Don't Hold Surety Brokers Responsible For Contractor SBA Fraud Ben Williams July 16, 2020 No Comments The U.S. regularly spends $500 billion each year on federal contracts, much of it going to small businesses, and it’s easy to see with such large sums of money why fraud is common. Read More
Surety Guarantees Report: Bonds on Big Projects Often Fall Short of Full Contract Value Scott Van Voorhis July 24, 2019 No Comments Why owners of large, complex design-build projects are taking on more risk.Read More
Guarantees Surety Bond Producers Keep Eye Out For Illegal Waivers A report from the annual convention of surety brokers and agents Richard Korman April 24, 2019 One Comment Comment letters go out from time to time about laws and rules requiring bonds on state and local projects.Read More