Bad Faith Does Not Apply to the Surety Line of Business>
Although surety is a type of insurance, it is far different from a traditional insurance policy and must be viewed differently. For example, the facts and circumstances that support a claim of bad faith against an insurance company writing an insurance policy do not apply in the case of a surety bond.
U.S.: Services, Trade Boost Economy; Manufacturing Drags
The ISM non-manufacturing index, covering approximately 85% of the economy, rose +1.1 points to 55.0 in December, well above the 50 line indicating expansion.
B2B Relationship Management Strategies
Building strong B2B customer relationships is essential to the success of a business. These tips from Euler Hermes will help you maintain strong customer relationships.
Another Key to the Court House Door?
The decision of Guarantee Company of North America USA v. Ikhana, LLC, 2019 U.S. App. LEXIS 32351 (Fed. Cir. October 29, 2019) is not particularly remarkable in that the Court of Appeals for the Federal Circuit held that a surety that entered into a takeover agreement with the Government has standing to sue the United States under the Contract Disputes Act, but only as to claims that arose after the execution of the takeover agreement.
US: Federal Rates, Government Update, and Slowdown in 2020
As expected the Federal Reserve left interest rates unchanged at Wednesday’s meeting and signaled that further cuts in 2020 are less likely than previously thought. The House of Representatives is weighing article of impeachment against President Trump, and a vote in the full House, which is almost certain to pass, is expected next week. The economy is also decelerating, and leading indicators of a slowdown next year are abundant, suggesting GDP growth for 2020 of only 1.6%.