Optimizing Surety Capacity in 2010 and Beyond
The current heightened risk environment caused by increasing contractor failures have raised concerns in the surety markets, however to date underwriting standards have not materially changed. What has changed is that sureties are more closely scrutinizing contractors’ balance sheets and underwriting information to meet these standards and this trend will remain until the construction industry demonstrates real signs of recovery.
Sureties have increased their examination of financial statements and use credit modeling to pinpoint contractors that present a higher risk profile and to adjust program commitments to reduce their risk. Learn how the ongoing economic conditions impact the fair value measurements of contractors’ financial statements.
When: April 22, 2010 in Columbus, OH
Where: Columbus, OH: 325 John H. McConnell Blvd., Suite 350
7:30 a.m. Registration
8:00 a.m. to 10:00 a.m. Program
Speakers: James Bly, Marsh and Tom Claassen, Schneider Downs
This seminar will be held in both Pittsburgh, PA and Columbus, OH.