The Pennsylvania Insurance Department issued an order on March 19, 2014 to liquidate the Commonwealth Insurance Company of Bala Cynwyd PA. The order was unanimously approved by Commonwealth Insurance’s board of directors and sole shareholder.
The failure cancelled surety bonds of many construction contractors and other businesses effective April 19, 2014, possibly leaving taxpayers liable to cover some of the firm’s losses.
Surety Bond Associates, also located in Bala Cynwyd PA, is a full service surety bond agency providing specialty surety bond services to small and mid sized contractors with a particular focus on minority, women and veteran owned contractors. Surety Bond Associates is prepared to service the bond needs of former Commonwealth Insurance customers.
Contact us today to expedite replacement of your bond program.