The interaction between the Oil Protection Act and the Comprehensive Environmental Response, Compensation, and Liability Act over an Oil Spill Liability Trust Fund recovery can be muddy. Michael Orlando explains.
The principal's financial stability is vitally important to the surety underwriter. Rolf Neuschaefer explains what to look for when risk of loss is transferred to others by contract.
Mike Orlando discusses a recent Supreme Court ruling expanding OSHA's jurisdiction to uninspected drilling barges, which must now comply with both Coast Guard and the more stringent OSHA safety and health regulations.
With new business scandals unfolding daily, improper business conduct is currently in the spotlight. Here, Marilyn Klinger considers a surety's exoneration defense based on fraud or material misrepresentation in the inducement._x000D_
An uninsured loss drains cash, the lifeblood of any business, and erodes net worth. Rolf Neuschaefer explains what surety underwriters are looking for from their principals in the current market.
Michael Orlando helps clear up the confusion and provides some cases to consult when confronted with removal in an admiralty context of separate and independent claims or causes of action.
Rolf Neuschaefer explores the roles and responsibilities of the principal or client, the surety, and the agent/broker in procuring corporate surety bonds.
Many states allow employers to self-insure workers compensation as long as the employer supports that self-insurance with a surety bond or other security. Here, Marilyn Klinger discusses California WC self-insured bonds in the context of the employer's bankruptcy.