Relationships In The Surety Industry Require A Long-Term Approach

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Like runners preparing for a marathon, surety bond producers need to think long-term when building lasting connections with their contractor, subcontractor, and specialty trade clients. “The most important element in building a good relationship is building a level of trust,” said Eric Zimmerman, Vice President, Propel Insurance, Seattle, WA. “That just happens over time, with consistent feedback and follow-up and …

Insurer Executive: Shifts In Risk, Liability Will Alter Construction Insurance

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Michael S. McGavick, the chief executive of insurer XL Group Ltd., delivered the keynote speech at the International Risk Management Institute construction conference earlier this month in Indianapolis. A former chief executive of Safeco Corp. and a former candidate for the U.S. Senate in Washington state, McGavick predicted in his speech and in a later interview that construction insurance would …