Don’t Be Caught Off Guard: The Impact of the Trade War on Import Bond Sufficiency
Recorded On: 07/16/2019
In the current trade environment, with the trade war that has been affecting more and more goods, surety companies writing customs import bonds are seeing more bond increases than ever before. This topic is more important than ever for surety bond producers and sureties to take a look at, as in last 12 months, U.S. Customs & Border Protection (CBP) has issued over 10,000 import bond insufficiency letters, five times the average number of annual increases for the past 10 years. Presenter Colleen Clarke of Roanoke Insurance Group Inc. will provide insight on how to properly determine bond amounts and how to assist your importer clients in projecting the proper bond amount going forward.
Vice President, Surety Trade Relations & Business Development, Roanoke Insurance Group Inc.
Colleen Clarke is Vice President, Surety, Roanoke Trade Services, Inc. She focuses on the review and analysis of CBP policy including new issues from the perspective of the surety underwriting group as well as the client services team. She manages the Roanoke Trade independent agent unit for U.S. Customs bonds. In 2008 Ms. Clarke was appointed to the 11th term of the Commercial Operations Advisory Committee (COAC) where she participates in several subcommittees. She serves as co-chair of the Surety Account Subcommittee within the Trade Support Network (TSN) and works closely with CBP as a representative on the Customs/Surety Executive Committee (C/SEC).
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