1.0constructconnect.comrich600338<blockquote class="wp-embedded-content" data-secret="BuCK7aMx9W"><a href="/dcn/news/economic/2023/05/surety-corner-some-pessimistic-souls-are-predicting-doomsday-scenarios">Surety Corner: Some pessimistic souls are predicting doomsday scenarios</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="/dcn/news/economic/2023/05/surety-corner-some-pessimistic-souls-are-predicting-doomsday-scenarios/embed#?secret=BuCK7aMx9W" width="600" height="338" title="“Surety Corner: Some pessimistic souls are predicting doomsday scenarios” — constructconnect.com" data-secret="BuCK7aMx9W" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!o){o=!0;for(var e,t,r,a=-1!==navigator.appVersion.indexOf("MSIE 10"),i=!!navigator.userAgent.match(/Trident.*rv:11\./),s=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<s.length;n++){if(!(r=(t=s[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(a||i)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2022/06/PG-2-SuretyCornerImage-01-1024x576-1.jpg1024576Over the past decade, the surety industry has performed exceptionally well, with isolated large claims that have not been indicative of widespread industry concerns. However, 2023 is shaping up differently, with an increase in claims activity being reported, particularly against Labour and Material Payment Bonds (L&M bonds). For many in the industry this is not […]