As a recipient of the Top Insurance Employers of 2024 award, GIG attributes its success to company culture and dedicated employees.
General Indemnity Group (GIG), a holding company that focuses on the surety insurance sector, announced that AM Best has affirmed a financial strength rating of A- (Excellent Rating) with a stable outlook for its United Casualty and Surety Insurance Company (UCS) subsidiary.
General Indemnity Group (GIG), 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 Agency.
The Biden administration is advancing its commitment to extend internet access to rural areas through its $42 billion Broadband Equity and Access Development (BEAD) program – and insurers might just hold the key to its success.
General Indemnity Group ("GIG"), a company that focuses on the surety insurance sector, announced strong financial results for FY 2023 that continues the trend of positive financial performance since seasoned management came on board in 2019. GIG is a subsidiary of Boston Omaha Corporation, a public holding company with diverse businesses.
In today’s lending environment, with credit easy to obtain and often inexpensive many contractors are tempted to choose to secure jobs with Letters of Credit over Surety Bonds. On the surface, this may seem like a sound business strategy, but dig a little deeper and you will discover there may be money and opportunity lost with this approach.
In November of 2021, President Biden signed into law the Infrastructure Investment and Jobs Act. Within this Act was something called the Broadband Equity, Access, and Deployment (BEAD) Program. The intent of the BEAD Program is to provide high-speed internet access to rural unserved and underserved areas within all 50 U.S. states, plus Washington D.C., Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands.
Listen to Alex Rozek, Co-CEO of Boston Omaha and Founder of Mac Mountain, discuss the role of matching funds as well as performance bonds for the BEAD Program on the "Where's The Funding" podcast!
If you have an active surety bond you may be wondering if and when it expires. While some bonds do not have an expiration date, others are only valid for a specific period of time. To keep your bond active, you will need to know how surety bond renewal works. In this post, we will examine the renewal requirements for different bonds and explain how the typical surety bond renewal process works for EZ Surety Bonds and other surety companies.
Surety bonds and insurance are often mistaken for each other. While they share some similarities, there are key distinctions between the two. In this post, we will examine the differences between surety bonds and insurance so that you can understand how each form of protection works.
