Cumberland Surety, Inc., headquartered in Lexington, Kentucky specializes in the development of technical underwriting data to allow carriers to safely underwrite coal mining operations for Reclamation Bonds. It has managed a significant book of reclamation bonds since 1985. Through its affiliate, NewBridge Services, surety companies are provided specific on the ground risk evaluation and significant loss mitigation facilities.
Cumberland also maintains relationships with national surety companies providing local producers access to a program of Contract, Miscellaneous and License & Permit bonding.
Founded by a group actively involved in Kentucky mining operations, Cumberland Surety began operations as the Reclamation Surety Insurance Company in 1985.
Since then, due to its specific industry involvement, Cumberland Surety has been a leader in reclamation bonding in the state.
Cumberland Surety Inc., as a representative for its issuing carrier partners, manages a book of Contract and Miscellaneous bonds. Many local producing agents have used this program to gain access to these national surety companies.
Initially the inspection and loss control arm of Cumberland Surety Insurance Company, this organization has provided risk evaluation services and loss mitigation to the surety industry. They help structure manageable bonding programs and provide ongoing monitoring of the process.
They have been instrumental in defining and implementing large work out programs for regulators and sureties alike.