Surety Association of Massachusetts News

Protected: SFAA Legislative Reports for February 2010

webauthor — Fri, 26 Feb 2010 15:54:20 +0000

Protected: Surety and Fidelity Legislative Report – January 2010

webauthor — Thu, 18 Feb 2010 17:09:03 +0000

Protected: Federal – End of First Session Report for 111th Congress

webauthor — Thu, 14 Jan 2010 14:54:51 +0000

Surety Association of Mass. Holiday Luncheon – 12/3/09

webauthor — Tue, 17 Nov 2009 16:50:11 +0000

Download member invitation to the annual Surety Association of Massachusetts Holiday Luncheon to be held on Thursday, December 3rd.

Protected: SFAA Legislative report – Oct/Nov ‘09

webauthor — Thu, 12 Nov 2009 15:39:14 +0000

State of MA to support small-biz surety bonds

webauthor — Wed, 11 Nov 2009 14:51:18 +0000

State to support small-biz bonds

By Jay Fitzgerald | Tuesday, November 10, 2009 | http://www.bostonherald.com | Business & Markets

The state plans to help small businesses land federal stimulus contracts by backing up their required bond deposits.

Under federal construction-contract laws, companies bidding for projects have to put up a surety bond to ensure that projects get finished.

Some small business owners either can’t raise enough money for bonds or are so desperate that they take out second mortgages on their personal homes.

But Gov. Deval Patrick announced yesterday his administration is now working with the Massachusetts Community Development Finance Corp. to help small minority- and women-owned firms get CDFC guarantees for bonds.

Eligible businesses would be able to get up to $250,000 in bond help, the administration said yesterday.

“Small minority-owned and women-owned businesses are the backbone of our economy,” said Patrick in a statement. “Our collaboration with CDFC relieves what was previously a huge challenge that kept many of these companies from competing for construction projects.”

The administration said the CDFC program was an idea floated during last month’s economic summit hosted by Patrick. The state is still working on plans for a small-business “micro-loan” program for firms, a spokeswoman said.

Article URL: http://www.bostonherald.com/business/general/view.bg?articleid=1210792

Green building standards & surety bond liability report

webauthor — Mon, 02 Nov 2009 16:11:26 +0000

“…Those [insurance] products have been amended to address (green building) risks, but as far as a guarantee that (contractors) will achieve (a specific certified green building) status, that really is not something we have seen in the normal casualty market,” Mr. Becker said. A contractor’s failure to deliver a certain certification could fall under a surety bond remedy, Mr. Becker said. “But even the bonding companies are being pretty darn careful…whether or not they will agree to bond that guarantee,” he said…”

http://www.businessinsurance.com/article/20091101/ISSUE03/311019996

Protected: SFAA Surety Goals for Legislation in 2010

webauthor — Mon, 19 Oct 2009 16:12:06 +0000

2009 SAM Annual Member Meeting – 10/29/09

webauthor — Tue, 22 Sep 2009 15:56:36 +0000

The Surety Association of Massachusetts &
National Association of Surety Bond Producers Present:

2009 Annual Member Meeting

Thursday October 29, 2009
Registration (11:30 am)
Lunch (12:00 pm)
Presentation (12:30 pm)

Legal Sea Foods
43 Boylston Street
Chestnut Hill, MA 02467
617-277-7300
www.legalseafoods.com

Agenda:
1) Massachusetts Community Development Finance Corporation (CDFC)
www.mcdfc.com

2) Introduction/confirmation of new officers for 2009-2010
President – Nicole Zawrotny
Vice President – Paul Landry
Treasurer – Shawn Dennett
Secretary – Alison Smith

Member Cost: $55.00 per person (Payable in advance or at the door)
Non-member Cost: $65.00 per person

RSVP: No later than Thursday October 22, 2009
Send checks payable to

Surety Association of Massachusetts

with your RSVP to:

Great American Insurance Company
Attn: Paul Landry
31 St. James Ave., Suite 830
Boston MA 02216
(617) 348-2934 x12
Fax: (617) 451-7298
plandry@gaic.com

Or pay online at http://suretyma.org/member-online-payments/

YOUR COMPANY:

Name of attendee:_______________________________________

Download order form

SAM 10.09 Meeting

Protected: SFAA Federal & State Regulation Report – August ‘09

webauthor — Tue, 22 Sep 2009 15:49:07 +0000