Surety Bond Quarterly - Fall 2016 - 26


NASBP ENCOURAGES ITS
MEMBERS, AFFILIATES,
AND ASSOCIATES AND
THEIR STAFF FROM
THEIR IT DEPARTMENTS
TO TAKE THIS
OPPORTUNITY TO "HAVE
A SEAT AT THE TABLE"
TO DEFINE THESE
INDUSTRY STANDARDS.

OVER
IN SURETY

working models that demonstrate
commonly used applications and
web sites that compare the process
to what most surety professionals are
currently using. The saved time and
money and the improved efficiency
is readily apparent.

THE STRENGTH OF ARCH

www.archinsurance.com

®

A.M. Best: "A+" Standard & Poor's: "A+"

Insurance coverage is underwritten by one or more member companies of Arch Insurance Group in North America, which consists of (1) Arch Insurance Company (a Missouri corporation,
NAIC # 11150) with admitted assets of $3.62 billion, total liabilities of $2.74 billion and surplus to policyholders of $875.31 million, (2) Arch Specialty Insurance Company (a Missouri corporation, NAIC #21199) with admitted assets of $515.45 million, total liabilities of $215.49 million and surplus to policyholders of $299.96 million, (3) Arch Excess & Surplus Insurance Company
(a Missouri corporation, NAIC # 10946) with admitted assets of $65.14 million, total liabilities of $328,448 and surplus to policyholders of $64.82 million and (4) Arch Indemnity Insurance
Company (a Missouri corporation, NAIC# 30830) with admitted assets of $62.28 million, total liabilities of $35.63 million and surplus to policyholders of $27.05 million. All figures are as
shown in each entity's respective Quarterly Statement for the quarter ended June 30, 2016. Executive offices are located at One Liberty Plaza, New York, NY 10006. Not all insurance coverages
or products are available in all jurisdictions. Coverage is subject to actual policy language. This information is intended for use by licensed insurance producers. © Arch Insurance Group 2016

24/08/16 11:36 PMRobert

826629_Arch.indd 1

M. Coon is Vice-President of
Surety for the NASBP Member firm
of Scott Insurance in Greensboro,
NC. Coon focuses exclusively on the
surety industry and has over 30 years of
experience as both an underwriter and
agent. Based in Greensboro, NC, with
clients throughout NC and VA, Coon
works with contractors ranging in size
from startups to multi-national contractors to maximize their surety programs
both in the US and internationally.
Coon serves as Chair of the NASBP
Automation & Technology Committee.

The Creativity, Flexibility,
and Service You Deserve
From a Surety Partner
www.granitere.com
1-800-440-5953
26

SURETY
692336_Granite.indd
1

Become involved
NASBP encourages its Members,
Affiliates, and Associates and their
staff from their IT departments to take
this opportunity to "have a seat at the
table" to define these industry standards. ACORD and XBRL US are working to combine our industry's business
process with their technical knowledge
and experience to create a solution.
NASBP is encouraging surety professionals to ask their vendors about
surety standards to ensure they are
aware of and plan to use ACORD and
XBRL standards in their software and
web services. Join us in defining how
the surety industry shares data. For
more information, visit suretyautomation.org or contact Dave Golden,
NASBP Director of Technology, at
dgolden@nasbp.org.
●

BOND QUARTERLY | FALL 2016

5/4/14 7:44 AM


http://www.archinsurance.com http://www.archinsurance.com http://www.mation.org http://www.Granitere.Com http://www.granitere.com

Table of Contents for the Digital Edition of Surety Bond Quarterly - Fall 2016

NASBP Upcoming Meetings & Events
2016-2017 Executive Committee
From the CEO: Success Comes with Sharing Perspective and Knowledge
Practical Insights: A Contractor’s Risk Management Portfolio Should Include a Commercial Crime Policy
Rethinking the Change Order Process: NECA Foundation’s Guidelines Offer New Approach, Substantially Reducing Change Order Costs
Six Considerations in Underwriting Subdivision Bonds (Part 2 of 2)
Affirmative Action and the Office of Federal Contract Compliance Programs: What Surety Professionals and Their Contractors Should Know
Surety Data Standards: What are They, and Why Should Surety Professionals Care about Them?
2016 NASBP Resource Directory
Index to Advertisers
Surety Bond Quarterly - Fall 2016 - cover1
Surety Bond Quarterly - Fall 2016 - cover2
Surety Bond Quarterly - Fall 2016 - 3
Surety Bond Quarterly - Fall 2016 - 4
Surety Bond Quarterly - Fall 2016 - 5
Surety Bond Quarterly - Fall 2016 - 6
Surety Bond Quarterly - Fall 2016 - 2016-2017 Executive Committee
Surety Bond Quarterly - Fall 2016 - From the CEO: Success Comes with Sharing Perspective and Knowledge
Surety Bond Quarterly - Fall 2016 - 9
Surety Bond Quarterly - Fall 2016 - Practical Insights: A Contractor’s Risk Management Portfolio Should Include a Commercial Crime Policy
Surety Bond Quarterly - Fall 2016 - 11
Surety Bond Quarterly - Fall 2016 - 12
Surety Bond Quarterly - Fall 2016 - 13
Surety Bond Quarterly - Fall 2016 - Rethinking the Change Order Process: NECA Foundation’s Guidelines Offer New Approach, Substantially Reducing Change Order Costs
Surety Bond Quarterly - Fall 2016 - 15
Surety Bond Quarterly - Fall 2016 - 16
Surety Bond Quarterly - Fall 2016 - Six Considerations in Underwriting Subdivision Bonds (Part 2 of 2)
Surety Bond Quarterly - Fall 2016 - 18
Surety Bond Quarterly - Fall 2016 - 19
Surety Bond Quarterly - Fall 2016 - Affirmative Action and the Office of Federal Contract Compliance Programs: What Surety Professionals and Their Contractors Should Know
Surety Bond Quarterly - Fall 2016 - 21
Surety Bond Quarterly - Fall 2016 - 22
Surety Bond Quarterly - Fall 2016 - 23
Surety Bond Quarterly - Fall 2016 - Surety Data Standards: What are They, and Why Should Surety Professionals Care about Them?
Surety Bond Quarterly - Fall 2016 - 25
Surety Bond Quarterly - Fall 2016 - 26
Surety Bond Quarterly - Fall 2016 - 2016 NASBP Resource Directory
Surety Bond Quarterly - Fall 2016 - 28
Surety Bond Quarterly - Fall 2016 - 29
Surety Bond Quarterly - Fall 2016 - 30
Surety Bond Quarterly - Fall 2016 - 31
Surety Bond Quarterly - Fall 2016 - 32
Surety Bond Quarterly - Fall 2016 - 33
Surety Bond Quarterly - Fall 2016 - 34
Surety Bond Quarterly - Fall 2016 - 35
Surety Bond Quarterly - Fall 2016 - 36
Surety Bond Quarterly - Fall 2016 - 37
Surety Bond Quarterly - Fall 2016 - 38
Surety Bond Quarterly - Fall 2016 - 39
Surety Bond Quarterly - Fall 2016 - 40
Surety Bond Quarterly - Fall 2016 - 41
Surety Bond Quarterly - Fall 2016 - Index to Advertisers
Surety Bond Quarterly - Fall 2016 - cover3
Surety Bond Quarterly - Fall 2016 - cover4
Surety Bond Quarterly - Fall 2016 - outsert1
Surety Bond Quarterly - Fall 2016 - outsert2
Surety Bond Quarterly - Fall 2016 - outsert3
Surety Bond Quarterly - Fall 2016 - outsert4
http://www.nxtbook.com/naylor/SBPQ/SBPQ0118
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