ANNOUNCEMENTS

 

1st Quarter Meeting When:    Tuesday - March 9, 2010 Where:   The Blackwell at The Ohio State University Cost:      $25 per person Speaker: Lynn Schubert - President                  Surety & Fidelity Association of America Click here for more details and RSVP information

 

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

 

SIO's Winter Newsletter The winter version of the SIO's electronic quarterly newsletter is now available.  Please click below for the latest version. Winter 2009-2010

 

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 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.

 

July 2009 Update: Ohio Construction Reform Panel The links below contain information regarding Minority Bonding Program and Small/Emerging Contractor Bond Waivers that will likely be contained in the proposed state budget bill known as "House Bill 1."  SFAA's work on amending HB1 Ohio House Bill 1 - Minority Bonding Program - Conference Committee Ohio House Bill 1 - Minority Bonding Program - Senate Version We will keep you up to date as more information becomes available and welcome your comments and suggestions at ohiosurety@yahoo.com.

 

April 2009 Update: Ohio Construction Reform Panel SAO Members, The following is a link to the April 2009 Report of the Ohio Construction Reform Panel.  The SAO is committed to following this initiative closely and monitoring its impact on our industry.  Currently, the board is working diligently to script a response to the panel and offer guidance from the surety perspective.  We welcome your comments and suggestions at ohiosurety@yahoo.com. Advantage Ohio - April Report

 

Ohio Construction Reform Panel SAO Members, At the March 24, 2009 SAO meeting, Greg Stewart and Howard Krisher from the Ohio Construction Reform Panel discussed proposed changes that are being evaluated by the Ohio Department of Administrative Services.  It is clear that there is still a lot of work to be done, but that the surety industry has been overlooked and needs to have a voice in the game.  The association will continue our efforts and we would like to have your thoughts as well.   Below are links to the two documents that Mr. Stewart and Mr. Krisher provided.  This includes the 25 areas that are being addressed and the recommendations provided thus far. We welcome your comments and suggestions at ohiosurety@yahoo.com. Ohio Construction Reform Panel Issues Recommendations by Ohio Construction Reform Panel