October 22, 2017
Technical Assurance, LLC

Texas Department of Insurance  (https://apps.tdi.state.tx.us/pcci/pcci_search.jsp )

State Insurance Departments license companies that write surety bonds and can provide information on these companies.  The insurance department of the state in which the surety company is domiciled is responsible for performing periodic examinations of the company and usually will have the most information about a surety company.  Insurance departments usually are located in state capitals and may have offices in other large cities of the state.

 

U.S. Department of Treasury  ( www.fms.treas.gov/c570/index.html )

A surety that wants to write bonds for federal government construction projects must have a certificate of authority issued by the U.S. Department of the Treasury.  The Treasury Department conducts a financial review of the surety and sets a single bond size limit for the surety.  The Treasury Department maintains a list of surety companies that it has qualified to write surety bonds on federal government projects.

 

A.M. Best  ( www.ambest.com)

A.M. Best Company is a private company that analyzes and rates insurance companies.  Each year it publishes Best’s Insurance Reports, Property-Casualty, which includes detailed profiles and financial information on almost every insurance company operating in the United States.  Best’s gives each company an alphabetic rating and a financial size category  (the rating pertains to the entire insurance company and not just the surety operation).  This book is available in many public and financial libraries or may be purchased from A.M. Best.

The A.M. Best Company also publishes an abbreviated version of the information in its Best’s Key Rating Guide, Property-Casualty, which contains only the alphabetic ratings and financial size categories of each insurance company. 

 

Other Rating Organizations Include:

Dun & Bradstreet  (www.dnb.com/us)

Fitch Ratings  ( www.fitchratings.com )

Moody’s Investors Service  ( www.moodys.com )

Standard & Poor’s  ( www.standardandpoors.com )

Weiss Ratings, Inc.  ( www.weissratings.com )