Safety
The Construction Surety Industry: Looking Ahead
According to data published by Aon Insurance, surety division, total construction industry surety losses in 2019 were fairly favorable at fewer than 20%. Initially, this trend was expected to continue into 2020, subject to any financial issues related to megaprojects currently in place. But the impact of COVID-19 has increased surety exposure to a much higher level, similar to other credit programs.
By Todd A. Feuerman
April 10, 2020
Topics
Safety
by Todd A. Feuerman
Todd A. Feuerman, CPA, MBA, CCA, is a director in the Audit, Accounting and Consulting Department of Ellin &Tucker in Baltimore, MD, where he oversees audit, accounting, consulting and tax services for general contractors, specialty subcontracting and government contracting firms. He also serves as chairman of the firm’s Construction Services Group. Feuerman also serves on the NASBP CPA Advisory Council. A published author and seasoned speaker, Todd is well versed in a variety of issues affecting the construction industry including succession planning, obtaining funding, successful financial bids and much more. He received his BS in accounting from Towson University and MBA in accounting from University of Baltimore’s Merrick School of Business. Contact him at 410.727.5735 x 3066.
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