Surety Matters

Our blog covering the latest in bonds and insurance
Contract Surety 07.27.2020

June Construction Employment Skyrockets

Great news for contractors! Per an analysis by the Associated General Contractors of America, or AGC, employment within the construction province has bloomed from May to June in 31 states and the District of Columbia. “The…
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June Construction Employment Skyrockets
License & Permit Bonds 07.27.2020

Dog Walkers Back in Demand

With so many people going back to work, dog walkers are back in demand! If you are a dog walker, your state may require a dog walker license bond. Dog walking is becoming much more popular…
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Dog Walkers Back in Demand
ERISA 07.25.2020

Excessive Fee Suits Target CIT Choice Issues

Filed in the U.S. District Court for the Northern District of Illinois, eight former workers of Astella US LLC, a drug company, are suing plan fiduciaries of the company, criticizing the plan’s size and how…
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Excessive Fee Suits Target CIT Choice Issues
Cyber 07.23.2020

Is It a Fiduciary Breach not to Have Cyber Liability Insurance?

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
License & Permit Bonds 07.17.2020

Pennsylvania Governor Issues New Guidelines for Bars & Restaurants

On Wednesday, Governor Wolf of Pennsylvania launched a new set of guidelines set to go in effect on July 16. Per a press release from the Governor’s office, alcohol can only be served for on-premises…
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Pennsylvania Governor Issues New Guidelines for Bars & Restaurants
License & Permit Bonds 07.17.2020

California Orders Shutdown of Indoor Restaurants & Bars

On Monday, California Governor Gavin Newsom ordered the closing of indoor restaurants, movie theaters, bars, and other recently-opened establishments across the state. As COVID-19 cases continue to rise, the Governor deemed it necessary to shut…
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California Orders Shutdown of Indoor Restaurants & Bars
ERISA 07.17.2020

Recent Updates in ERISA Plan Investment Regulation

The Labor Department has launched new guidance on private equity in 401(k) plan designated investment choices and a suggested regulation on social, environmental and governance investing. The proposed rule, titled Financial Factors in Selecting Plan…
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Recent Updates in ERISA Plan Investment Regulation
License & Permit Bonds 07.17.2020

Governor Cuomo Launches COVID-19 Rental Assistance Program

On Tuesday, July 14, Governor Andrew Cuomo of New York announced an emergency rental assistance program that assist low-income families. The program offers direct aid for tenants who have lost income due to the restrictions…
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Governor Cuomo Launches COVID-19 Rental Assistance Program
ERISA 07.17.2020

Estee Lauder Faces 401(k) Excessive Fee Lawsuit

Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit