For new providers of VOIP; NTC requires 60% Filipino ownership.
Telecom regulators require new providers of Voice Over Internet Protocol (VOIP) to have at least 60 percent Filipino ownership, with a minimum of P10 million paid-up capital, on top of posting a P5 million performance bond and showing valid interconnection agreements with telcos. The National Telecommunications Commission...

The unsure world of surety bonds. (Cover Story).
Suddenly, everyone wants to know about surety bonds. The once benign financial credit risk vehicle has been thrust into the limelight, as the subject of a high-profile lawsuit as well as being blamed for one company's bankruptcy. In the bankruptcies of both Enron Corp. and Kmart Corp., sureties have...

Surety uncertainty: cancellation of surety bonds for self-insured workers' comp in two high-profile bankruptcies sparks debate on the best way to meet benefit obligations. (Workers' Comp).
Retailer Kmart Corp., Troy, Mich., and transportation concern Consolidated Freighways Corp., Vancouver, Wash., share a dubious distinction: The cancellation of surety bonds related to self-insured workers' compensation programs. spelled doom for both firms in 2002. And that's not all. At the time of its January 2002 bankruptcy...

Surety: the end of a shrinking trend: future brightens for remaining serf-insured companies.
Self-insured buyers of surety securities, faced with shrinking capacity in the bond market, face a world with fewer insurance options yet are being forced to post more collateral, according to surety market experts. Some companies are having to post bonds, or letters of credit, of more than...

Surety market success: the surety market looks to have had a banner year.
The surety industry, seems to have had a banner year in 2005, according to a recent Surety Report put out by Aon Construction Services Group. For the first nine months of last year, the industry recorded direct written premiums of $3.5 billion, while its direct losses only added up...

Surety.
Surety bonds guarantee that a principal will perform a specific obligation. They are three party contracts: The principal--the primary party who will be performing the obligation The obligee--the party who is the recipient of the obligation The surety--ensures that the obligation will be...

'Green economy' creates demand for surety products: green industries and policies will require new surety guarantees, according to a report.
Should the "green economy" take hold with consumers and local and state governments--in the form of carbon-trading markets that exist in Europe, for example--demand for surety products will rise, a new report found. In Europe, carbon-trading programs, designed to cut the level of carbon dioxide in the...

Letters.
Ridiculous Pricing I read with interest your article "The Unsure World of Surety Bonds" (May 2002 issue). It is always interesting to read the reflections of the heads of companies who contributed to the problem. By forcing pricing to ridiculously low levels that could not sustain any...

Bonding a "must" for government sweeping.
City and state agencies generally require that you provide them with some sort of financial guarantee that you will perform the work as specified in the bid. Typically this involves "bonding," though occasionally other approaches can be used as well. There are two kinds of bonds to...

S&P Affirms Global Surety & Insurance Co 'BBpi' FSR.
NEW YORK, April 13 /PRNewswire/ -- Standard & Poor's today affirmed its double-'Bpi' financial strength rating on Global Surety & Insurance Co. (Global Surety). The rating action reflects the company's aggressive investments, limited business scope, and volatile premiums. These factors are partially offset by the...