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You are here: Home » News & Events » Industry Insider

Valuable headlines across the industry

SFAA’s Industry Insider is your resource for important news across the industry. Compiled by SFAA’s Marketing & Communications team, this weekly newsletter shares the latest headlines in the areas of advocacy, construction, public-private partnerships, commercial surety and fidelity.

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Latest Edition

Industry Insider – May 20, 2021

May 20, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA & NASBP Issue Revised Electronic Surety Bonding Guidelines
SFAA & NASBP | May 19, 2021

Register for the 2021 Transportation Construction Coalition Virtual Fly-In
Transportation Construction Coalition | May 20, 2021

House Republicans Introduce $400 Billion Transportation Bill as Another Option for Infrastructure
CNBC | May 19, 2021


Construction

Home Building Costs Soar Due to Government Regulations, Material Price Increases
Construction Dive | May 18, 2021

Gov. Pritzker Announces 6-Year, $20.7 Billion Construction Plan For Illinois
25 News-Week | May 19, 2021

Newsom Offers $1 Billion to Complete ‘Critical’ Transit Projects Before 2028 Olympics
Los Angeles Times | May 15, 2021

Brightline Extension to Orlando is Halfway Complete
Mass Transit Magazine | May 20, 2021


Public Private Partnership

Maryland Scales Back Most Controversial Part of Beltway Toll Lanes Plan
Washington Post | May 12, 2021


Commercial Surety

Colorado Insurance Data Bill Gets Major Makeover to Benefit of Worried Industry
Denver Business Journal | May 13, 2021

DeWine Signs Bill Establishing Broadband Grant Program, Allocates $20 Million
Columbus Dispatch | May 17, 2021


Fidelity

Man Used Phishing Techniques to Steal $11 Million from Company in BEC Scheme
Federal Bureau of Investigation | April 26, 2021

Insurer AXA Halts Ransomware Crime Reimbursement in France
US News | May 6, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-05-20 13:23:442021-09-02 14:40:17Industry Insider – May 20, 2021

Industry Insider – May 13, 2021

May 13, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Biden Meets With Congressional Leaders in Push for $2 Trillion Infrastructure Bill
NBC News | May 12, 2021

United for Infrastructure 2021: A Week to Champion America’s Infrastructure
United for Infrastructure | May 10-14, 2021

SFAA & NASBP Strongly Support Miller Act Indexing Exemption
SFAA & NASBP | May 4, 2021

Underwriters Support Payment Protections For TIFIA-Funded Project Subs
Concrete Products | April 28, 2021


Contract Surety

Notice by Email was Sufficient for Miller Act Bond Claim
Commonsense Construction Law | May 7, 2021


Construction

Nonresidential Construction Outlays Drop in March for Fourth-Straight Month as Weak Demand, Supply-chain Woes Make Further Declines Likely
Associated General Contractors | May 3, 2021

5 of the Highest-Priced Infrastructure Earmarks Requested by Lawmakers
Construction Dive | May 12, 2021

U.S. Gives Go-Ahead for Its First Major Offshore Wind Farm
CNBC | May 12, 2021

High-Speed Rail Gets Moment in Congressional Spotlight
Smart Cities Dive | May 7, 2021


Public-Private Partnership

Capital Beltway Removed From Highway Widening Plan, Leaving I-270
Bethesda Magazine | May 12, 2021


Commercial Surety

Rep. Diana Harshbarger Introduces Occupational Licensing Reform
WJHL | May 12, 2021

Vermont Senate Approves $100 Million To Expand, Improve Broadband Service
Valley News | May 12, 2021


Fidelity

Ransomware Attack Leads to Shutdown of Major U.S. Pipeline System
Washington Post | May 8, 2021

Cybercriminals Exploit These Cognitive Biases The Most
Security Magazine | May 13, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-05-13 13:34:552021-09-03 11:00:03Industry Insider – May 13, 2021

Industry Insider – May 6, 2021

May 6, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA & NASBP Strongly Support Miller Act Indexing Exemption
SFAA & NASBP | May 4, 2021

Senate Passes Bipartisan $35B Water Infrastructure Bill
The Hill | April 29, 2021

Register for the 2021 Transportation Construction Coalition Virtual Fly-In
Transportation Construction Coalition | May 20, 2021


Contract Surety

Underwriters Support Payment Protections for TIFIA-Funded Project Subs
Concrete Products | April 28, 2021


Construction

Road Builders to Benefit the Most From an Infrastructure Deal, Economist Says
Construction Dive | April 29, 2021

Newark Airport Operator Picks Shortlist for $2.1 Billion AirTrain Project
Wall Street Journal | May 5, 2021

Tennessee DOT’s Three-Year Plan Allots $2.6 Billion for Infrastructure Investments
The Trucker | May 5, 2021

Apple Announces $430B Expansion
Construction Dive | May 4, 2021

Biden’s Next 100 Days: Major Impacts Expected for the Construction Industry
Engineering News-Record | April 30, 2021


Public-Private Partnership

Proposed Des Moines Soccer Stadium Project ‘At Risk’ Without State Funding
Business Record | May 5, 2021


Commercial Surety

South Carolina Bill Moving Through Legislature Would Allow DACA Recipients and Human Trafficking Victims To Obtain Occupational Licenses
WCSC | April 30, 2021

The California DFPI Issues Proposed Regulations To Implement New Debt Collection Licensing Act
JD Supra | May 4, 2021


Fidelity

Hackers Exploit System Loopholes With Ransomware
Business Insurance | May 4, 2021

Former Bookkeeper Pleads Guilty in Federal Court To Embezzling More Than $1,000,000 From Charleston Real Estate Company
Department of Justice | April 29, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-2.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-05-06 13:38:152021-09-02 14:52:00Industry Insider – May 6, 2021

Industry Insider – April 29, 2021

April 29, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Participates in Launch of Bipartisan Caucus to Simplify and Strengthen Federal Construction Procurement
Government Executive | April 22, 2021

Transportation Construction Coalition Opposes Minimum Insurance Hike
Land Line Media | April 28, 2021

Infrastructure Investment – Increased Economic Growth and Opportunities for Insurers
Zurich Advocacy | April 22, 2021

Census Shows South and Mountain West Gain Political Power From Population Growth
Wall Street Journal | April 26, 2021


Contract Surety

Pandemic Creates Cause to Rethink Overlooked Contract Provisions
JD Supra | April 27, 2021


Construction

Amid Delays and Rising Prices, Contractors Turn to Tech to Mitigate Supply Disruptions
Construction Dive | April 28, 2021

St. Jude Hospital’s Expansion to Require $1.9B in Construction Contracts
Engineering News-Record | April 28, 2021

Mayor Lightfoot Launches Chicago Works Infrastructure Plan
Chicago Defender | April 27, 2021

Apple to Build $1-Billion East Coast Campus in North Carolina
Engineering News-Record | April 27, 2021


Public-Private Partnership

Confidential Bid Protest Stalls $11B Maryland Beltway P3
Engineering News-Record | April 23, 2021


Commercial Surety

Gov. Kelly Signs Military Spouse Occupational Licensing Bill
KSNT | April 21, 2021

Gov. Justice Signs Bill Setting Up State Wind and Solar Reclamation Bonding Program Into Law
Charleston Gazette-Mail | April 27, 2021


Fidelity

Most Companies Address Cyber Risk Reactively: Report
Business Insurance | April 19, 2021

Former DRWC Bookkeeper Charged With Stealing $2.6 Million
U.S. Department of Justice | April 27, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-3.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-04-29 13:42:162021-09-02 14:53:39Industry Insider – April 29, 2021

Industry Insider – April 22, 2021

April 22, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Virtual Launch of the Construction Procurement Caucus Held Today
Construction Industry Procurement Coalition | April 22, 2021

GOP Senators Release Outline of $568 Billion Infrastructure Plan
Wall Street Journal | April 22, 2021

House Passes Cannabis Banking Bill
The Hill | April 20, 2021


Contract Surety

Wash Your Hands and Read Your Contract: COVID-19 Reminders for the Construction Industry
JD Supra | April 19, 2021


Construction

Industry Battles Cost, Supply, Labor Issues Amid Construction Boom Gains
Construction Equipment Guide | April 21, 2021

Capital Programs Continue to Drive Rail Projects Forward
Mass Transit Magazine | April 21, 2021

Utah DOT to Work on 185 Transportation Construction Projects in 2021
Roads and Bridges | April 19, 2021

Milestone Reached for 14-acre Jersey City Mixed-Use Project
Construction Dive | April 19, 2021

RIDOT Kicks Off 2021 Construction Season of $1.4 Billion in Projects
ABC 6 | April 19, 2021


Public-Private Partnership

Public-Private Group Seeks $17.3M in Revenue Bonds for Renovation of 4 Senior Housing Facilities
Wichita Business Journal | April 19, 2021

L.A. Metro Steps into Unchartered Territory with Unique Public-Private Venture
Railway Track and Structures | April 21, 2021


Commercial Surety

Bill Increasing Professional & Occupational Licensing Mobility Across State Lines Passes in Oklahoma Senate
KFOR | April 21, 2021

Maryland Legislature Passes Sports Wagering Bill with Expansive Licensing Opportunities and Targeted Support for Women and Minorities
Duane Morris Law | April 19, 2021


Fidelity

Connecticut Nursing Home Operator Sentenced to Prison for Embezzlement and Tax Offenses
Department of Justice | April 20, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-4.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-04-22 13:57:302021-09-02 14:55:05Industry Insider – April 22, 2021

Industry Insider – April 15, 2021

April 15, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Weighs In on Department of Interior Virtual Forum Discussion on U.S. Energy Development Programs
The Surety and Fidelity Association of America | April 15, 2021

Transportation Issues Front and Center This Week in D.C.
LandLine Media | April 12, 2021

In a Bipartisan Meeting, Biden Makes the Case for His Infrastructure Plan
New York Times | April 12, 2021

Chair DeFazio Joins Committee Members in Virtual Roundtables Across the U.S. to Discuss the Urgent Need for Transformational Infrastructure Investments
House Transportation & Infrastructure Committee | April 9, 2021

Senate Confirms Polly Trottenberg As Deputy Transportation Secretary
Washington Post | April 15, 2021


Construction

ODOT Kicks Off 2021 Construction Season with $540 Million in Planned Road and Bridge Projects
Columbus Dispatch | April 7, 2021

Las Vegas City Council Green Lights Mass Transit Proposal
Engineering News-Record | April 14, 2021

White House Identifies the 7 Worst States for Infrastructure
Construction Dive | April 15, 2021

$100M Mixed-Use Development in Village of Providence Starts Construction
Huntsville Business Journal | April 13, 2021

Soaring Material Prices, Supply Chain Delays Spook Owners and Developers
Construction Dive | April 12, 2021


Public-Private Partnership

Third Attempt to Tighten Md.’s Public-Private Partnership Law Fails in Senate
Washington Post | April 15, 2021

Florida Panthers Break Ground on $65M War Memorial Auditorium Renovation
South Florida Business Journal | April 14, 2021


Commercial Surety

Florida Occupational Licensing ‘Deregathon’ Continues As ‘Journeyman’ Bill Advances
Center Square | April 6, 2021

West Virginia Legislature Passes 2021 Broadband Bill
GovTech | April 12, 2021


Fidelity

Former Weyerhaeuser Employee Sentenced to Federal Prison for Multi-Million Dollar Fraud Scheme
Department of Justice | April 14, 2021

State of Michigan Employee Charged with Embezzling More Than $850K Through Well Permit Program
Detroit News | April 14, 2021

White House Blames Russian Spy Agency SVR for Solarwinds Hack: Statement
Reuters | April 15, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-5.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-04-15 14:00:042021-09-02 14:11:21Industry Insider – April 15, 2021

Industry Insider – April 8, 2021

April 8, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA and NASBP Host the Industry’s Largest Congressional Fly-In to Date; Highlights Surety Industry Supported Bill Providing Essential Protections on TIFIA Financed Projects
SFAA and NASBP | March 25, 2021

Biden Infrastructure Plan Seeks $571 Billion in Transport Funds
Bloomberg | April 7, 2021

Fact Sheet: The American Jobs Plan
White House | March 31, 2021


Contract Surety

Time to “Pay” Attention to Payment Provisions for Construction Contracts in Massachusetts
JD Supra | April 1, 2021


Construction

Construction Employment Rebounds in March Following February Drop, But Rising Costs, Supply-Chain Woes, and Cancellations Threaten Outlook
Associated General Contractors | April 2, 2021

New Details Emerge for Philadelphia’s $2.5B Navy Yard Project
Construction Dive | April 6, 2021

Washington Transportation Plans Pit Roads Against Public Transit in Budget Battle
Center Square | April 7, 2021

Nearly $1B in Construction Projects Scheduled for Region’s Roadways, Bridges
Dayton Daily News | April 7, 2021

Amtrak Proposes Making Madison a Wisconsin Railway Hub
Daily Cardinal | April 2, 2021

New Orleans Convention Center Authority Picks Developer for $1B Mixed-Use Project
Construction Dive | April 7, 2021


Public-Private Partnership

New Private-Public Approach Paying Off in Delaware Job Wins
Delaware Business Times | April 6, 2021

Historic Rail Deal Finalized in Virginia
Southern Environmental Law Center | April 7, 2021


Commercial Surety

Baltimore City Council Passes Bill Offering Renters Security Deposit Alternatives Over Concerns From Some Members
Baltimore Sun | April 5, 2021

Study: Occupational Licensing Carries $56M Cost in Alabama
Birmingham Business Journal | April 6, 2021


Fidelity

533 Million Facebook Users’ Phone Numbers And Personal Data Have Been Leaked Online
Business Insider | April 3, 2021

Sonny DiCrecchio Will Plead Guilty to Massive Embezzlement Scheme at Philly Produce Market
Philadelphia Magazine | April 6, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-6.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-04-08 14:12:052021-09-02 14:13:55Industry Insider – April 8, 2021

Industry Insider – April 1, 2021

April 1, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA and NASBP Host Virtual Legislative Fly-In, Largest Participation to Date
SFAA & NASBP | March 25, 2021

Biden Infrastructure Plan Aims to Boost Economy’s Productivity Over Time
Wall Street Journal | April 1, 2021

What’s in Biden’s Infrastructure Plan?
New York Times | March 31, 2021


Contract Surety

SFAA and NASBP Submit Comment Letter on DFW Bond Forms
SFAA & NASBP | March 29, 2021

Water Street Tampa Partners Facing $30M in Disputes Over Unpaid Construction, Labor
Tampa Bay Times | March 31, 2021


Construction

President Outlines $2T-Plus Jobs Package Centered on Infrastructure
Engineering News-Record | March 31, 2021

Buttigieg: $11.6B Hudson River Tunnel a Biden DOT Priority
Construction Dive | March 31, 2021

New Orleans Officials Select Developer for $1-Billion Riverfront Project
Engineering News-Record | March 30, 2021

$9.5B Los Angeles-Area Rail Project Awards 2 Pre-Development Agreements
Construction Dive | March 30, 2021


Public-Private Partnership

Pennsylvania Senate Panel Advances Public-Private Partnership Bill
Land Line Media | March 25, 2021

CSX, Amtrak and Virginia Formalize Public-Private Partnership

Freight Waves | March 31, 2021

Maryland Explores Tightening Law on Public-Private Partnerships Amid Proposal to Build New Toll Lanes
Washington Post | March 27, 2021

Camden Considers Public-Private Partnership to Upgrade Harbor Infrastructure
Mainebiz | March 19, 2021


Commercial Surety

WV Senate Passes State Wind and Solar Reclamation Bonding Program
Charleston Gazette-Mail | March 30, 2021


Fidelity

Wary Insurers Watch Cryptocurrency Craze From The Sidelines
Business Insurance | April 1, 2021

Microsoft Office 365 Still The Top Target Among Phishing Attacks
Tech Republic | March 31, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-7.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-04-01 14:14:212021-09-02 14:16:08Industry Insider – April 1, 2021

Industry Insider – March 26, 2021

March 26, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA and NASBP Hold Virtual Joint Legislative “Fly-In”
The Surety and Fidelity Association of America | March 25, 2021

Senate Committee Hearing: “Driving the Road to Recovery: Rebuilding America’s Transportation Infrastructure”
Senate Committee on Commerce, Science, and Transportation | March 24, 2021

Biden to Unveil Infrastructure Plan Next Week
Construction Dive | March 25, 2021

AASHTO Report Highlights How Infrastructure Investment Benefits States
For Construction Pros | March 25, 2021


Contract Surety

The Scollick Case – SFAA’s Amicus Curiae Brief
The Surety and Fidelity Association of America | March 11, 2021

Where There’s an Implied Contract, There’s a Potential Bid Protest: Court of Federal Claims Has Jurisdiction to Hear Breach of Implied Contract Claims
JD Supra | March 24, 2021

Pre-Bid Documents and Estimates Can’t Be Hidden Behind the Curtain in Disputed Delay Claims
JD Supra | March 19, 2021


Construction

Why High-Speed Rail is the Future of Transportation in the U.S., Wisconsin
Badger Herald | March 23, 2021

$20 Billion Chicago Megaproject Reaches Agreement with Transit System Over Construction
Construction Dive | March 18, 2021

New Proposal Seeks $4B for Colorado’s Roads, Transit and More Over the Next Decade
Colorado Public Radio | March 18, 2021

Google Commits $7B to Offices, Data Centers in 2021
Construction Dive | March 23, 2021

Brightline Still Plans to Finish Its Orlando Extension by 2022
Orlando Weekly | March 24, 2021


Public-Private Partnership

Brandywine Realty to Develop $300M Mixed-Use Neighborhood
Commercial Property Executive | March 24, 2021


Commercial Surety

Occupational Licensing Reciprocity Bill Signed into Law by Gov. Tate Reeves
Pine Belt News | March 25, 2021


Fidelity

Microsoft Says Hackers Taking Advantage of Server Flaws
Business Insurance | March 12, 2021

Business Email Compromise Scams Proved Costly to Victims in 2020
Tech Republic | March 19, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-8.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-03-26 14:18:492021-09-02 14:55:48Industry Insider – March 26, 2021

Industry Insider – March 18, 2021

March 18, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Leads Effort to Introduce Bill Providing Essential Protections on All Federally Financed Projects Receiving TIFIA Funds
The Surety and Fidelity Association of America | March 10, 2021

Biden Starts Victory Lap on COVID-19 Relief Bill While Preparing for Next Big Legislative Push
USA Today | March 11, 2021


Contract Surety

The Scollick Case – SFAA’s Amicus Curiae Brief
The Surety and Fidelity Association of America | March 11, 2021


Construction

S.F. Approves $1 Billion Transbay Tower, Construction Planned Despite Salesforce’s Canceled Lease
San Francisco Chronicle | March 16, 2021

High-Speed Rail Projects Would Get $205B Boost via New Bill
Construction Dive | March 17, 2021

Utah’s Budget Surplus Will Give State Transportation Projects $1B Boost
Engineering News-Record | March 12, 2021

Google Launches Billion-Dollar California Property Investment Plan for 2021
Mercury News | March 18, 2021

5 Charts That Summarize a Year of COVID-19 in Construction
Construction Dive | March 15, 2021


Public-Private Partnership

Is the Pandemic Forcing An Evolution in P3 Work?
Engineering News-Record | March 10, 2021

Work Halted on Part of $9B Honolulu Rail Project Due to Incomplete Design
Construction Dive | March 12, 2021


Commercial Surety

Licensing Reform Might Be A Key To Student Loan Relief
The Hill | March 17, 2021

Will Maine Make It Easier For Skilled Professionals To Relocate Here?
Maine Wire | March 16, 2021


Fidelity

Cryptocurrencies a Growing Target of Theft
Federal Bureau of Investigation | March 11, 2021

California Bookkeeper Sentenced To 10 Years For $877,000 Construction Firm Embezzlement
Construction Dive | March 17, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-9.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-03-18 14:22:142021-09-02 14:24:06Industry Insider – March 18, 2021

Industry Insider – March 11, 2021

March 11, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Leads Effort to Introduce Bill Providing Essential Protections on All Federally Financed Projects Receiving TIFIA Funds
The Surety and Fidelity Association of America | March 10, 2021

With COVID Relief Passed, Biden Prepares to Stake His Presidency and Democratic Majorities on Infrastructure
CNBC | March 10, 2021

Civil Engineers: US Infrastructure Rates a C-minus
Voice of America | March 3, 2021


Contract Surety

SFAA Submits Amicus Brief in Case Relating to False Claims Act
The Surety and Fidelity Association of America | February 24, 2021


Construction

$1.9T COVID-19 Relief Package Includes Billions for Capital Projects
Construction Dive | March 11, 2021

Ohio House Passes $8 Billion Transportation Budget, Axing Fees and Adding Transit Money
Cincinnati Enquirer | March 4, 2021

New Orleans’ $2.3B Public Works Program Gains Momentum
Engineering News-Record | March 8, 2021

Gas Tax Increase Aims to Help State’s Subpar Roads
New Mexico Political Report | March 5, 2021


Public-Private Partnership

Is the Pandemic Forcing An Evolution in P3 Work?
Engineering News-Record | March 10, 2021


Commercial Surety

Midlands Voices: Nebraska Can Boost Economy With New Round Of Licensing Reform
Omaha World-Herald | February 18, 2021


Fidelity

At Least 30,000 U.S. Organizations Newly Hacked Via Holes in Microsoft’s Email Software
Krebs On Security | March 5, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-10.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-03-11 14:24:402021-09-02 14:27:19Industry Insider – March 11, 2021

Industry Insider – March 4, 2021

March 4, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

After Stimulus, Biden to Tackle Another Politically Tricky Issue: Infrastructure
New York Times | March 3, 2021

Buttigieg Says Infrastructure Faces a ‘Once-In-A-Lifetime Moment’ As Bridges, Roads Get C- Grade
Construction Dive | March 4, 2021

Deputy DOT Nominee Appears Before Senate Commerce Committee
Transport Topics | March 2, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

The Dotted Line: What to Consider Before Entering a JV
Construction Dive | February 23, 2021


Construction

New York City to Restart $17B of Capital Construction Projects
Construction Dive | March 3, 2021

$1.23B Transportation Package Heading to Governor’s Desk
Salt Lake Tribune | March 3, 2021

UW Campuses Identify $5 Billion New Construction, Renovation Needs
Wisconsin Public Radio | March 3, 2021


Public-Private Partnership

Firms Managing Purple Line Construction Narrow List of Potential New Contractors
Washington Post | March 3, 2021


Commercial Surety

Colorado Bill Would Restrict Insurers’ Use of Consumer Data and Algorithms
Faegre Drinker | March 3, 2021

Military Spouses Hope for Easier Ways to Get Licensed to Work in Hawaii
Honolulu Civil Beat | March 4, 2021


Fidelity

AIG, Beazley Units Not Obligated to Pay Up in Phishing Case
Business Insurance | February 26, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-11.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-03-04 14:28:162021-09-02 14:30:37Industry Insider – March 4, 2021

Industry Insider – February 25, 2021

February 25, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Joins “Build by the Fourth of July” Campaign: Diverse Coalition Urges Congress to Rebuild America’s Infrastructure
U.S. Chamber of Commerce | February 22, 2021

Senate EPW Committee Holds First Infrastructure Hearing of 2021
Senate Committee on Environment and Public Works | February 24, 2021

SFAA and NASBP Discuss Importance of the Legislative Fly-In on the Latest Episode of the “Let’s Get Surety” Podcast
NASBP | February 23, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

SBA Releases Standard Operating Procedure for Preferred Surety Bond Program
U.S. Small Business Administration | February 21, 2021


Construction

Gov. Tony Evers Wants $2.4 Billion for State Building Projects, Nearly Half for UW System
Wisconsin State Journal | February 23, 2021

Maryland, Citing Traffic Relief, Recommends Current Bay Bridge as Best Site for a New Span
Washington Post | February 23, 2021

Despite COVID-19, Los Angeles Development Still Strong
Construction Dive | February 18, 2021

Final Phase of Centennial Bowl Highway Project Takes Center Stage in North Las Vegas
Engineering News-Record | February 22, 2021


Public-Private Partnership

Hogan Says Baltimore Could Get a Version of Washington’s Purple Line If Private Sector Bought In
Baltimore Sun | February 24, 2021

Jaxport Agrees to Public-Private Partnership to Expand SSA Marine Terminal
Jacksonville Business Journal | February 22, 2021


Commercial Surety

West Virginia House Continues Occupational Licensing Reform Efforts Over Objections
Parkersburg News and Sentinel | February 23, 2021


Fidelity

Man Accused of Embezzling Over $1 Million Faces Federal Charges
Wilkes Journal-Patriot | February 23, 2021

Demand for Social Engineering Fraud Coverage on the Rise
Business Insurance | February 16, 2021

Manager of Grass Seed Company Faces Charges for Embezzlement, Fraud Schemes
Salem Statesman Journal | February 24, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-12.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-02-25 14:30:572021-09-02 14:33:43Industry Insider – February 25, 2021

Industry Insider – February 18, 2021

February 18, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Transportation Construction Coalition Submits Infrastructure Priorities
Transportation Construction Coalition | February 8, 2021

Transportation and Infrastructure Committee Advances Biden’s Relief Legislation
Transportation Today | February 15, 2021

Biden Calls Union Reps ‘Real Friends,’ Seeks Their Infrastructure Input
Construction Dive | February 18, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

The Basics of Subcontractor Defaults – Key Considerations
Peckar & Abramson Law | February 18, 2021


Construction

Construction Firms Nab $13.7B Total in PPP Loans So Far This Year
Construction Dive | February 16, 2021

Biden’s Infrastructure Plan Renews Interest in NYC-Boston Rail Tunnel Under Long Island Sound
USA Today | February 12, 2021

Maine DOT Plans to Replace Four Southern Midcoast Bridges
Construction Equipment Guide | February 16, 2021

Facebook Plans Expansion to Huntsville Data Center Project; Price Could Now Top $1 Billion
AL.com | February 16, 2021


Public-Private Partnership

New Arena, Public Market and Other National Western Center Upgrades Put on Hold as Denver Faces Economic Woes
Denver Post | February 17, 2021


Commercial Surety

Crucial Time for Policymakers to Support Entrepreneurs
Daily Herald | February 16, 2021

Mississippi House Scores Big Reforms with 3 Bills
Daily Leader | February 13, 2021


Fidelity

Demand for Social Engineering Fraud Coverage on the Rise
Business Insurance | February 16, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-13.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-02-18 14:34:382021-09-02 14:56:14Industry Insider – February 18, 2021

Industry Insider – February 11, 2021

February 11, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Transportation Construction Coalition Submits Infrastructure Priorities
Transportation Construction Coalition | February 8, 2021

For Buttigieg, ‘Generational’ Transportation Change May Not Be Easy, Experts Say
New York Times | February 6, 2021

U.S. House Panel Approves $42.5 Billion for Transportation
Reuters | February 9, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

Labor Secretary Nominee Walsh Backs OSHA, Training Programs
Construction Dive | February 8, 2021

House-Passed Apprenticeship Bill Draws Mixed Construction Reactions
Engineering News-Record | February 8, 2021

How the PRO Act Would Change the Construction Industry
Construction Dive | February 5, 2021

Navigating Succession with your Bond Company
Construct Connect | February 4, 2021


Construction

Construction Starts on Disputed $1B Electricity Corridor
Associated Press | February 10, 2021

Uncertainty Dominates Aviation Construction Outlook
Construction Dive | February 10, 2021

California High-Speed Rail Officials Want To Tap Remaining $4.1 Billion in Bond Funds
Mercury News | February 10, 2021

Metro Seeks Bond Sales To Raise $360 Million For Capital Projects
Washington Post | February 10, 2021


Public-Private Partnerships

Gov. Ige Casts Doubt on New Aloha Stadium with Comments
KHON2 | February 9, 2021


Commercial Surety

Mississippi Could Erase Licensing for Some Types of Jobs
Associated Press | February 8, 2021

Unpaid Motor Carrier Claims: What Shippers Can Do to Reduce the Risk of Liability When Using Third-Party Brokers
JD Supra | February 5, 2021


Fidelity

FBI, Partners Disarm Emotet Malware
Federal Bureau of Investigation | February 1, 2021

Former KU Medical Center Employee Pleads Guilty to Embezzling More Than $500,000
Department of Justice | February 9, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-14.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-02-11 05:30:452021-09-03 10:55:06Industry Insider – February 11, 2021

Industry Insider – February 4, 2021

February 4, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

SFAA Congratulates Secretary Buttigieg on Senate Confirmation
The Surety & Fidelity Association of America | February 2, 2021

Democrats Plow Ahead with a Party-Line Covid Relief Package
Politico | February 2, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

OSHA Issues Advisory Workplace COVID-Safety Guidelines
Engineering News-Record | January 29, 2021


Construction

Wall Street, Public Construction Firms Eager for Biden’s Infrastructure Push
Construction Dive | February 3, 2021

Buttigieg Says Transportation Dept Will Push ‘Bold’ Thinking
Associated Press | February 3, 2021

Rice-Eccles Stadium Construction Project Remains on Time for July Finish; Dumke Expansion Fundraising Still Ongoing
Salt Lake Tribune | February 2, 2021

Amazon Unveils Plans for Eye-Catching ‘Helix’ Tower at New $2.5B Headquarters
CNN | February 2, 2021


Public-Private Partnerships

Lumen Field, A Public-Private Partnership That Worked
Seattle Times | February 2, 2021


Commercial Surety

Ohio Senate Passes Bills to Reduce Professional Licensing Restrictions Across State Lines
Center Square | February 3, 2021


Fidelity

State Employee Charged With Defrauding California’s AIDS Office Out of $2 Million For Personal Expenses
KTLA | February 3, 2021

FBI Warns of Voice Phishing Attacks Targeting Employees at Large Companies
TechRepublic | January 19, 2021

Feds Say Former Sussex Exec Stole $500,000 in Taxes to Pay for Mortgage, BMW — and Donkeys
New Jersey Herald | February 1, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-1-1.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-02-04 05:34:242021-09-03 05:37:31Industry Insider – February 4, 2021

Industry Insider – January 29, 2021

January 29, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Senate Committee Approves Pete Buttigieg’s Nomination as Transportation Secretary
Washington Post | January 27, 2021

Chair DeFazio Announces Transportation & Infrastructure Subcommittee Chairs and Democratic Committee Roster
House Committee on Transportation & Infrastructure | January 26, 2021

Graves Welcomes Republican Committee Members Recommended by Steering Committee for the 117th Congress
House Committee on Transportation & Infrastructure | January 25, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

Biden Orders OSHA to Beef Up COVID-19 Safety Rules
Construction Dive | January 25, 2021

Biden Toughens Buy American Rules
Construction Dive | January 26, 2021


Construction

Developers of $20B Development Near Soldier Field Ask Illinois for $6.5B to Construct Transit Center, Residential Buildings
Chicago Business Journal | January 26, 2021

Group Unveils $2.5 Billion Atlanta Beltline Transit Plan
Atlanta Journal-Constitution | January 27, 2021

Seattle Sees ‘A Path Forward’ on Convention Center Financing, City Official Says
Puget Sound Business Journal | January 27, 2021

Feds Study Baltimore-Washington Maglev Train Route
Construction Dive | January 28, 2021


Public-Private Partnership

Struggling Local Governments May Get Help From the Private Sector
New York Times | January 19, 2021

Public-Private Partnerships Authorized in Michigan
Land Line Media | January 25, 2021

Public-Private Partnership Now Eyed for New Homeless Center
Press Herald | January 26, 2021


Commercial Surety

Utah’s ‘Blow Dry Bar Bill’ Sparks Heated Debate Over Cosmetology Licensing
KUTV | January 25, 2021


Fidelity

Former Controller at Butler County Electric Company Admits to $1.4M Theft
Pittsburgh Post-Gazette | January 26, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-2-1.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-01-29 05:37:502021-09-03 05:39:38Industry Insider – January 29, 2021

Industry Insider – January 22, 2021

January 22, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Buttigieg Sees ‘Generational Opportunity’ to Transform the Nation’s Infrastructure
New York Times | January 21, 2021

Biden Unveils Rescue Plan, Promises Infrastructure Proposal Next Month
Engineering News-Record | January 14, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

SFAA’s Support of FAR Case 2017-003 Amendment Garners Results
Surety and Fidelity Association of America | January 20, 2021


Construction

How Biden’s Inauguration Day Executive Orders Will Impact Construction
Construction Dive | January 20, 2021

Biden: Major Infrastructure Plan Is on the Way
Engineering News-Record | January 19, 2021

How Much Federal Funding Will Each State DOT Receive?
Construction Dive | January 20, 2021

NY Infrastructure Projects Total $306B In Cuomo Plan
Engineering News-Record | January 19, 2021

7 Legal, Other Trends Influencing Construction In 2021
Construction Dive | January 19, 2021


Public-Private Partnership

Struggling Local Governments May Get Help From the Private Sector
New York Times | January 19, 2021

Maryland DOT Weighs Three Proposals for Major P3
Transport Topics | January 20, 2021


Commercial Surety

Occupational Licensing Executive Order Will Benefit Utah Workers
CAGW | January 12, 2021

Professional Licensing Reforms In Ohio Signed Into Law
The Center Square | January 15, 2021

Illinois Poised To Become First State To End Wealth-Based Pre-Trial Detention
The Guardian | January 21, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-3-1.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-01-22 05:40:082021-09-03 05:42:35Industry Insider – January 22, 2021

Industry Insider – January 14, 2021

January 14, 2021/in INDUSTRY INSIDER /by SFAA

Advocacy in the Industry

Failure to Act: Economic Impacts of Status Quo Investment Across Infrastructure Systems
American Society of Civil Engineers | January 14, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

What’s in the New COVID-19 Relief Package for Contractors?
Construction Dive | January 7, 2021

Michigan Construction: Where Building Could Boom in 2021
Wood TV Grand Rapids | January 7, 2021


Construction

Air Cargo Construction is Booming, Thanks to Amazon
New York Times | January 12, 2021

The 13 Construction Sectors Contractors Expect to Shrink in 2021
Construction Dive | January 11, 2021

Developers Say This New Austin Development Could Eventually Be a $1 Billion Project
Austin American-Statesman | January 13, 2021

Construction’s December Jobless Rate Jumps Despite 51K Job Gain
Engineering News-Record | January 8, 2021


Public-Private Partnership

SFAA Updates Joint Public-Private Partnership State Law Chart
SFAA, NASBP, and ASA | January 12, 2021


Commercial Surety

New Laws In Ohio, Washington, D.C. Eliminate Barriers To Work With A Criminal Record
Forbes | January 12, 2021


Fidelity

Cyber Criminals Bypassing MFA to Access Cloud Service Accounts
IT Pro | January 14, 2021

Saratoga: Bookkeeper Charged with Embezzlement, Arson
Mercury News | January 12, 2021

https://surety.org/wp-content/uploads/2021/09/II_Header-4-1.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-01-14 05:42:562021-09-03 05:44:37Industry Insider – January 14, 2021

Industry Insider – January 7, 2021

January 7, 2021/in INDUSTRY INSIDER /by SFAA

Georgia Runoff Wins Give Democrats Senate Control, Narrowly
Engineering News-Record | January 6, 2021

Register for the Virtual Legislative Fly-In with SFAA & NASBP
SFAA & NASBP | March 25, 2021


Contract Surety

Commentary: How to Limit COVID-19 Related Legal Claims
Engineering News-Record | January 5, 2021


Construction

2021 Construction Projects to Watch
Construction Dive | January 5, 2021

Major Construction Done at Hanford Nuclear Waste Treatment Plant
Associated Press | January 6, 2021

Houston Leads Nation in Lost Construction Jobs, Associated General Contractors Report Finds
Houston Business Journal | January 6, 2021

Major Colorado Springs Construction Projects Make Strides Heading Into 2021
Colorado Springs Gazette | January 3, 2021


Public-Private Partnership

Developers Secure $349M for Bronx Point Affordable Housing Complex, in the South Bronx
New York YIMBY | December 31, 2020

Michigan Public-Private Partnership Authorization Nears Passage
Land Line Media | January 4, 2021


Commercial Surety

Company Accused of Preying on Immigrants Agrees to $425,000 Settlement with Va. Regulators
Washington Post | December 1, 2020


Fidelity

La Grande Medical Practice Employee Sentenced to Federal Prison for Embezzling $1.1M
East Oregonian | January 5, 2021

Woman Accused of Stealing $2.3 Million from Blasting Company to Fund Horse Farm
Chicago Tribune | January 4, 2021


https://surety.org/wp-content/uploads/2021/09/II_Header-5-1.jpg 216 571 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2021-01-07 05:45:052021-09-03 11:03:56Industry Insider – January 7, 2021
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News & Events

EY Report: Surety Bonding Provides Strong Economic Value and Strengthens Performance for Public and Private Construction Projects

November 17, 2022
A new study released today, The Economic Value of Surety Bonds, finds public and private construction projects protected by surety have lower rates of contractor default, lower cost of completion in the case of default, and are finished faster than non-bonded projects.
https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png 0 0 SFAA https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png SFAA2022-11-17 13:23:532022-11-28 17:19:46EY Report: Surety Bonding Provides Strong Economic Value and Strengthens Performance for Public and Private Construction Projects

The Surety & Fidelity Association of America Foundation Awards 15 Students With $5,000 Scholarship

October 19, 2022
The Surety & Fidelity Association of America Foundation (SFAA Foundation) announced today the 15 students selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2022.
https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png 0 0 Brian Muhlbach https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png Brian Muhlbach2022-10-19 13:39:442022-11-28 17:17:59The Surety & Fidelity Association of America Foundation Awards 15 Students With $5,000 Scholarship

SFAA Receives Prestigious 2022 ASAE Silver ‘Power of Associations’ Award for Federal Advocacy Campaign

October 14, 2022
The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, won the prestigious ASAE Silver Power of Associations Award for their TIFIA-Bonding Advocacy Campaign.
https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png 0 0 Brian Muhlbach https://surety.org/wp-content/uploads/2021/07/SFAA-Logo-FullColor-RGB.png Brian Muhlbach2022-10-14 13:30:292022-11-28 17:18:26SFAA Receives Prestigious 2022 ASAE Silver ‘Power of Associations’ Award for Federal Advocacy Campaign
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