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When Your Surety Surprises You and Says “No”

Mark Rader

It’s usually not the end of the world when your surety company says “no,” but certainly this is a position you should try to avoid.  However, when a surety does surprise you by saying “no” to your bond request, there is a disconnect somewhere between the surety, the broker, the…

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Surety Bonds for the Legal Profession

Mark Rader

The judiciary requires a surety bond to help protect property or money. Some of the most common surety bonds include:   Appeal Bonds (or Supersedeas Bonds)- stop judgment enforcements and guarantee payment when appeals are lost. Attachment Bonds (or Replevin Bonds)- help seize defendants’ property, which plaintiffs can later sell or transfer.…

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Oswald Selected as NEO Success Award Winner

oswaldcompanies

CLEVELAND – March 14, 2013 – Oswald – one of the largest independently-owned insurance brokerages in the U.S. – is proud to be recognized as a NEO Success Award winner in 2013, for the fifth consecutive year. Oswald will be recognized at the Inside Business Award Luncheon on March 21,…

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Oswald Companies Appoints Janice Tomlinson to its Board of Directors

oswaldcompanies

CLEVELAND – March 14, 2013 – Oswald Companies has announced the election of Janice Tomlinson to its Board of Directors. Tomlinson is former Executive Vice President, International Field Operations Manager, with The Chubb Corporation. She retired in December 2009 after a 36-year tenure with the company. Tomlinson joined Chubb in…

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What Are We Exchanging in a Health Insurance Exchange?

oswaldcompanies

With every paradigm shift, disruptions occur. We are in the midst of employee benefit landscape changes so vast that they rival the passage of ERISA in 1974. Simultaneous with PPACA provisions that affect employers (the tip of the iceberg), there is a massive restructuring of the U.S. healthcare system (the…

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The Art of a Surety Deal

Mark Rader

Putting together a surety program can range from a simple project to a complex undertaking, depending on the variables involved.  The key is to be able to identify the specific variables, steps, and level of complexity upfront, so the proper approach can be taken from the outset. The more complex…

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The Real Value of Personal Indemnity

Mark Rader

Most surety deals for privately held companies require the personal guarantee of business owners, similar to bank credit.  When a business gets larger and stronger financially, personal guarantees may be eliminated at some point.  Keep in mind, however, that a surety is also an unsecured creditor, so the surety is…

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Medical Device Product Liability Claim Management

oswaldcompanies

Controlling the cost of claims is one of the pillars of our service. Our “edge” is our ability to prepare the claim properly for presentation to the carrier.  Understanding exactly what your policy coverage will respond to is most important at a time of loss.  You have paid the premium…

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Oswald Companies Acquires Knezevich & Foerster LLC

Christina Schmitz

Oswald continues to expand its benefits practice CLEVELAND – Feb. 25, 2013 – Oswald Companies – one of the largest independently owned insurance brokerages in the U.S. – has announced the acquisition of Knezevich & Foerster, LLC., a local firm specializing in group benefits insurance. The acquisition is in direct…

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Surety Bonds – A Necessary Evil (Sometimes)

Mark Rader

We might as well admit that many companies look at surety bonds as a “necessary evil.”  This is because it’s a product that usually requires a personal guarantee, and may also impede a business owner from success if bonds cannot be obtained under reasonable terms and conditions. On the flip…

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