Today, utilizing the underwriting facilities of Indemnity National Insurance Company, Cumberland provides bonding resources to a large range of mining operators including underwriting, processing and claims mitigation services to INIC and other issuing carriers.
Through its affiliate NewBridge Services, Inc. initial reclamation bonding evaluation is performed by drafting and recommending a bonding program for the client. Once the program has begun, Cumberland provides the client and the surety ongoing monitoring of the operation and evaluation of the current "risk on the ground".
This awareness of the nature of the actual exposure of the surety's bonds as measured by the current risk on the ground, allows the surety to better respond to the needs of the client.
The Reclamation staff of Cumberland is comprised entirely of coal reclamation professionals. With specialties in the earth sciences, these individuals have considerable past experience with mining regulation and were instrumental in the creation of the present system of reclamation regulation.
Representing over 200 years of Coal Reclamation specific experience, this team of experts brings a level of expertise unmatched in the industry. Their efforts have resulted, not only in the proper control of the surety's risk, but also in the very positive impact in our environment.
Cumberland has produced and managed over $1,000,000,000 in reclamation bonds since its inception in 1985.
Cumberland Surety also handles a broad book of standard surety business representing several major "A" rated national sureties.