IFIC Surety Group

A member of our Financial Services community since May, 2019.

IFIC is the largest privately owned surety company in the industry. Today, we operate out of 20 regional locations throughout the United States. Our major lines of business include: Contract, Commercial, Subdivision, Specialty, and Bail. Through close partnerships with our network of independent agents, our regional offices have the resources to make quick and informed […more]


DataTracks Inc

A member of our Software and Services community since December, 2011.

DataTracks is a leading provider of XBRL tagging services. DataTracks offers Disclourse Management Solution, a cloud-based XBRL tagging solution, that helps companies prepare their regulatory filings for the SEC. DataTracks follows ‘Minds on, Hands off’ approach by providing Assisted Service. The solution also features multiple authors to collaborate from multiple locations on a single source […more]


The Hartford

A member of our Financial Services community since August, 2016.

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.


SuretyWave

A member of our Software and Services community since September, 2017.

SuretyWave digitally connects the world of surety by enabling seamless communication among and between obligees, principals and sureties. All forms of surety bonding are facilitated through SuretyWave’s SurePath Network SuretyWave is a revolutionary surety bond processing system that significantly reduces the cost of executing and managing surety bonds efficiently through automation of Administration, Processing and […more]


Contractor Financials Taxonomy

The XBRL US Surety Working Group has developed a draft release of the Contractor Financials Taxonomy, which contains data standards to capture income statement and balance sheet information about contractors. The taxonomy was created by starting with an initial set of data standards contributed by Crowe LLP, a public accounting, consulting, and technology firm. The […more]


Standards to improve surety bond claims processing

David Hartman, Director, Analytics, IFIC Surety, and Michelle Savage, VP Communication, XBRL US

When a project is bonded, the surety must be prepared to answer the call in the event subcontractors or vendors are not paid or project performance is not up to snuff. Data standards can ease that process for the principal, the obligee, and the surety.


NASBP Pipeline Article: Is Manual Data Entry Dead?

The gruesome (and grueling) days of painful re-keying of data may be coming to an end. Could data standards be the magic bullet? The National Association of Surety Bond Producers (NASBP) has been touting the value of financial data standards for several years now. Why data standards? Because they are a proven tool to eliminate […more]


Improve Underwriting Efficiency – Learn How to Use the Surety Standards Toolkit

3:00 PM EDT Tuesday, September 19, 2017
XBRL US Webinar
Watch/listen to replay

The Work-in-Process (WIP) report and other financials can be delivered in useable form directly from contractor to surety eliminating manual rekeying of data, improving timeliness and access to credit for contractors. Financial data standards can automate the process. Join this webinar to view demonstrations for creating and consuming XBRL-formatted WIP reports.


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Contractor Financials Taxonomy Legal Notice

Notice Authorized Uses of this Document Copyright © 2019 XBRL US, Inc. All Rights Reserved The Contractor Taxonomy may be used by the public, royalty-free and may be incorporated without change in other works that comment on, explain, or assist in the use or implementation of the XBRL US Contractor Taxonomy. To that end, this […more]


Point of View

Standards to improve surety bond claims processing

When a project is bonded, the surety must be prepared to answer the call in the event subcontractors or vendors are not paid or project performance is not up to snuff. Data standards can ease that process for the principal, the obligee, and the surety.

Learn more from IFIC Surety.