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A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. [ 2 ]
Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.
Variable annuities link your payments to investment performance. Your money goes into subaccounts similar to mutual funds that invest in stocks, bonds and other securities. When these investments ...
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The Louisiana State Bond Commission voted Thursday to delay nearly $28 million in repairs to the Caesars Superdome over the New Orleans Saints’ ticket refund policy and COVID-19 vaccine mandate.
In the mid 20th century it was one of the larger employers in the city. It was also the national leader in the area of small, miscellaneous fidelity and surety bonds. The company's unique approach focused on service and convenience. The Kirby family sold the business in 1992 [3] and it is now part of CNA Surety.
Giselle Smith and Semaj Morris, 17, were both killed on Wednesday, Dec. 11, with Smith's sister Paris Kiper in critical condition