Surety underwriters face labor strain and contract risks in Carolinas and Virginia

“The Federal Reserve of Richmond recently released some economic data on the area, and it showed that North Carolina, South Carolina, and Virginia, as far as building permits, are exceeding the rest of the southeast region,” said Robert Coon (pictured), vice president of surety at Scott Insurance. He added that net migration into North Carolina now averages more than 100,000 annually, on top of natural population growth, and that South Carolina and Virginia were experiencing similar trends.

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