Brown & Brown reveals which industries should benefit
Demand for surety bonds is expected to rise as Inflation Reduction Act (IRA)-driven renewable energy and grid modernization projects get underway in the United States.
With interest rates remaining elevated this year, lending remains challenging. Businesses will seek alternative financing through surety bonds, and insurers are expected to step up capacity, according to Karl Choltus (pictured), national surety practice leader at Brown & Brown.