Sureties and contractors alike seem to have adjusted their operations so that most are enduring, several are struggling and a few are thriving. Certainly news-worthy items exist: premium continues to contract, loss ratios are up, and several sureties reflect material losses. But because these were all anticipated, none of these have been viewed as earth-shattering. Some would even argue the industry continues to fare far better than expected during the past several years.
Read on for a look-ahead at 2013 and for recommendations to contractors and clients.