
For 15 years, this organization
was the inspection and loss control arm of Cumberland Surety Insurance Company,
Inc. This group has been reorganized as an independent contractor focused
on the evaluation and control of reclamation bonding programs.
Many years of reclamation bonding experience have proven that the traditional
approach to bonding security fails to address the long term nature of reclamation
bonds. Long distance, home office approaches leave much to be desired. NewBridge
Services' Bonding Program approach is more broad and specifically
appropriate to mining risk.
This is also very
true about the control of risk and the mitigation of losses. Surety attorneys
dealing with the state regulatory agency is the traditional approach, with
the only question being where the check should be mailed. There is enormous
opportunity for the mitigation of losses in this class of business. Again,
NewBridge Services Loss Mitigation
approaches are more able to take advantage of these opportunities.