Insights

 

December Bond Renewal Reminders

As we approach the final months of the year, it is important to discuss the most common state license and permit bond renewal date.  There are many license bonds that expire on December 31, as required by state rules and regulations.  The 12/31 date is built into some...

Appeal Bond FAQ

Appeal Bond FAQ

What is the purpose of an appeal bond? Bonding companies are licensed third-party guarantors that provide surety to an obligee that another party (the bond principal/judgment debtor) will, in fact, pay the judgment upon appeal if required to do so. If the judgment...

Basics of Supersedeas Bonds with Collateral

Basics of Supersedeas Bonds with Collateral

Judgment debtors are sometimes required to post cash or a letter of credit as collateral to the surety company to obtain an appeal or supersedeas bond. This article runs through fundamental differences between these two collateral options and what a bond principal or...

Appeal Bonds in California

Appeal Bonds in California

A Brief Overview of Appeal Bonds During litigation, defendants who take adverse monetary judgments in Superior Court may wish to appeal to the Court of Appeal. The filing of a Notice of Appeal does not automatically stay enforcement of the judgment, so an Appeal Bond...

How International Sureties Dealt With Hurricane Ida

How International Sureties Dealt With Hurricane Ida

As many are aware, our office operates out of New Orleans, LA, which was hit by Hurricane Ida a couple weeks ago on the 16th anniversary of Hurricane Katrina.  Most of our employees were without power for a week, while several remain in the dark 10 days after the...

Freight Broker Bonds in a time of Volatile Freight Rates

Freight Broker Bonds in a time of Volatile Freight Rates

Written By Conway Marshall  Between the manufacturer and your doorstep lie a series of players who coordinate the movement of cargo from creation all the way to its useful purpose.  Air, sea, and land carriers handle the physical movement of goods, while others play a...

Supersedeas Bond Costs in Federal Court

Supersedeas Bond Costs in Federal Court

Written By Conway Marshall  Recently, the US Supreme Court heard arguments in the matter City of San Antonio, TX, et al v. Hotels.com, LP, et al which focused on Rule 39 of the Federal Rules of Civil Procedure and whether or not the District Court had discretion to...

3 Fundamentals of Probate Bonds

3 Fundamentals of Probate Bonds

What are probate bonds? Probate bonds (also referred to as a fiduciary bond) are a type of court bond that ensures that the estate of a deceased, incapacitated, or minor person is handled properly by the administrator, executor, curator, or tutor. The bond is required...

Temporary Restraining Order Bonds

Temporary Restraining Order Bonds

A Temporary Restraining Order (TRO) is issued by a judge to restrain one party from engaging in some act. A temporary restraining order bond is a court bond filed by plaintiffs to protect the defendant from damages if the TRO was wrongfully issued. A TRO bond can...