ANNOUNCEMENTS

 

 

SIO's 2010 Scholarship Awarded Congratulations to Tyler Ranalli (Son of Zurich's Paul Ranalli) for being awarded the 2010 SAO Scholarship.  Tyler will be attending George Washington University in the Fall.  He plans to major in economics and will also play soccer for the school located in Washington DC.  Congratulations Tyler and best of luck! For more information on the $1,000 four year scholarship that the SAO awards annually please click here or contact the Education Chairman Tyler Turnbull.

 

SIO's Newsletter The Summer version of the SIO's electronic quarterly newsletter is now available.  . Summer 2010 (new) Special Insert - 2010 Surety Market Report (new) Spring 2010 Winter 2009-2010

 

SAA Legislative Reports The June 2010 Legislative reports are available for download.  Please click here for the archive of reports on both Commercial and Contract Surety.

 

Next Meeting The Second quarter golf outing was a hit!  Thank you to all that participated.  Please continue to check back frequently as information on the 3rd quarter meeting will be available shortly.

 

Alert Please be mindful of the potential fraudulent activity listed below and how it might impact your clients. 1) The Louisiana Department of Insurance has filed suit against Infinity Surety for operating without the required licenses. Please see the links below for more information. New Orleans City Business Article NOLE.com Business News   2) ABBA Bonding and Small Business Federal Bonding Company have been forced into liquidation by a US Bankruptcy Judge.   There are reports that this company was operating in Ohio. Press Register - News Article Small Business Federal Bonding - Sample Application Checklist Small Business Federal Bonding - Sample Letter of Support 3) GAO has released the following report detailing fraudulent activity involving VA contractors. Government Accountability Office Report - December 16, 2009

 

December 2009 Update: Ohio Construction Reform Panel A special thanks to Keith McNamara for closely monitoring the latest developments of the Construction Reform Panel.  Below, please find a link on the latest developments. Gongwer Report 12.7.2009 - Senate Hears From Supporters Of Public Construction Law Update Older Links: SFAA's work on amending HB1 Ohio House Bill 1 - Minority Bonding Program - Conference Committee Ohio House Bill 1 - Minority Bonding Program - Senate Version Advantage Ohio - April Report Ohio Construction Reform Panel Issues Recommendations by Ohio Construction Reform Panel We will keep you up to date as more information becomes available and welcome your comments and suggestions at ohiosurety@yahoo.com.

 

Warranty Alerts The Surety Association of Ohio is looking for a few individuals or companies who are interested in facilitating the distribution of Warranty Alert information to SAO Members.  Please contact the Board with interest at Ohiosurety@yahoo.com.  Thank you in advance for the help!

 

Onerous Forms Alerts If you find an onerous bond form that you would like to share with the rest of the Surety Association Members, please let us know.  We will add them to the list below. City of Cleveland - Public Improvement bond calling for indemnity for bodily harm and property damage arising out of construction. Richfield Township/Summit County (October 19 bid) - EEOC requirements could place bond in forfeiture if not meet.