A Look Behind the Curtain: When the Surety is Financing the Principal
Recorded On: 02/12/2020
Financing sureties have been described as being “not a panacea, but a danger-filled minefield which can lead to disaster." This quote should give you a pretty good idea of the industry’s thoughts regarding financing—it’s definitely not a favorite. During this seminar presenter Rachel Walsh, Senior Surety Counsel at Liberty Mutual Surety, will take a look behind the curtain and discuss the pros and cons of financing the principal and the factors that may lead to the surety financing a principal. She will then walk through the mechanics of financing the principle. Don’t miss this opportunity to get insights into this often controversial and seldom discussed issue.
Senior Surety Counsel
Liberty Mutual Insurance Company
Rachel Walsh is Senior Surety Counsel for Liberty Mutual Insurance Company. Before joining Liberty Mutual, she practiced at Krebs, Farley & Pelleteri, PLLC in New Orleans, Louisiana, where she focused on surety and fidelity law and construction litigation. Ms. Walsh received her Juris Doctor, magna cum laude, from Loyola University New Orleans in 2007 and a bachelor of arts, cum laude, from Tulane University in 2004. She serves as an Assistant Bar Examiner for the State of Louisiana, routinely speaks at American Bar Association and industry events regarding various aspects of surety law, and additionally serves as a Vice President of the Philadelphia Surety Claims Association.
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