Liberty Mutual Surety™, a member of Liberty Mutual Insurance, is the 2nd largest surety in the U.S. and a leading surety globally. With underwriting offices in seven countries and bonds issued throughout the world, we work with agents and customers to build mutually profitable relationships by providing smart business solutions, ease of doing business, and […more]
XBRL US announced the start of a 60-day public review of the Work in Process (WIP) Taxonomy, developed to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency. AIG, Travelers and Zurich Insurance join to sponsor the program, along with early entries GALLINA LLP, Liberty Mutual and the NASBP.
Hear speakers from the National Association of Surety Bond Producers (NASBP) and Liberty Mutual discuss how data standards can improve the surety underwriting process. See demonstrations of tools that can be used to create and consume XBRL formatted Work in Process reports that contractors provide to sureties.
XBRL US and three organizations in the surety industry – GALLINA LLP, Liberty Mutual and the National Association of Surety Bond Producers (NASBP) – announced today the launch of a pilot program to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency.
XBRL US announced today that it will hold two events this Fall in Bellevue, Washington, as part of its annual National Conference. A 2 ½ day conference, Current Developments in XBRL Financial Reporting for SEC filers, September 15-17, will focus on public company accounting professionals; the XBRL Data Forum, a one-day workshop to be held […more]
Surety providers review the contractor’s financial statements to identify risks and determine eligibility for surety bonds. Financial statements include a Work in Process (WIP) report that describes the financial performance and status of a contractor’s construction projects. Today’s surety underwriting process is highly manual and therefore, labor-intensive, time-consuming and costly. Working Group Members Using Data […more]
The national consortium for
the business reporting standard
