Freight Broker Bond Claims Information

To file a claim against a freight broker’s bond please contact the claims department at clbclaims@markel.com or via mail at SureTec Insurance Company, PO Box 5008 Woodland Hills, CA 91365, (818) 867-6900.

The BMC-84 Bond is governed by 49 USC 13906 which requires sureties issuing bonds to property brokers and freight forwarders to take certain steps when a bond principal experiences “financial failure or insolvency.” The requirements include, among other things:

• Giving of notice of bond cancellation (termination)
• Public advertisement for claims for 60 days, beginning on the date of publication by the Secretary of Transportation of the notice to cancel financial security
• Payment of uncontested claims received during such period or payment of pro rata shares of such claims if the total amount of such claims exceeds the financial security available not later than 30 days after the expiration of such period

Note, if the uncontested claims received within the above-referenced 60 day period exceeds the total $75,000.00 penal sum of the bond, those claimants will be paid pro-rated shares of the $75,000.00, and any claims filed subsequent to the 60 day period will be denied.

Pursuant to the foregoing, SureTec Insurance Company (“Surety”) gives notice: