Lynn M. Schubert

Lynn M. Schubert provides analysis and commentary on the surety industry for IRMI.com.

Ms. Schubert is president of The Surety Association of America (SAA), a trade association of more than 650 companies that write fidelity and surety insurance. The SAA is licensed as a rating or advisory organization in all states, as well as in the District of Columbia and Puerto Rico, and it has been designated by all state insurance departments as a statistical agent for the reporting of fidelity and surety experience. The SAA represents its member companies in matters of common interest before various federal, state, and local government agencies.

Prior to joining the SAA, Ms. Schubert was counsel in the Law and Regulatory Affairs Department of Aetna Life and Casualty Company with responsibility for all legislative and regulatory developments in the Mid-Atlantic and Southeast regions for all property/casualty and life insurance and annuity issues, and nationwide for fidelity and surety issues. Previously Ms. Schubert was corporate secretary and assistant general counsel with the American Insurance Association in Washington, D.C., in charge of fidelity and surety bonds, insurance access and availability ("redlining"), and all coordination with the National Association of Insurance Commissioners. She received her undergraduate degree magna cum laude in business administration from East Carolina University in 1977 and her law degree from the University of Notre Dame in 1980. She is admitted to the Bar in Georgia and the District of Columbia.

Ms. Schubert coauthored "Damages Beyond the Limits of Fidelity Policies," presented to the Fidelity and Surety Law Committee of the Torts and Insurance Practice Section of the American Bar Association, August 8, 1982 and for the Tort and Insurance Law Journal, "Public Regulation of Insurance Law: Annual Survey," XXV, (Winter 1990), and the "Annual Survey of Fidelity and Surety Law," (Winter 1993-1996). She also authored the following articles.

• "The Surety's Obligations Are Not Always Co-Extensive With Those of Its Principal" presented to the Fidelity and Surety Law Committee and the Forum Committee on the Construction Industry of the TIPS of the ABA, January 22, 1987
• "Legislative Trends Affecting Sureties" presented to the Fidelity and Surety Law Committee of the TIPS of the ABA, August 13, 1991
• "Regulation of Surety and Financial Guaranty Insurance: Today and Tomorrow," The State of Insurance Regulation, ABA (1991)
• "Legislative Solutions to an Unfavorable Court Decision," 15 Suretyscope 11 (Winter 1991)
• "Chapter Two: An Overview of Modern Contract Bonds" The Law of Suretyship, ABA (1993)
• "Current Surety Trends In The United States And Canada" presented to the Fidelity and Surety Law Committee of the TIPS of the ABA, August 2, 1998
• "Chapter Three: Why Obligees Buy Bonds" The Law of Suretyship, 2nd Edition, ABA (2000)

Ms. Schubert currently is a member of the Board of Governors of the Florida Residential Property Casualty Joint Underwriting Association. She also is a member of the Panel of Arbitrators of the American Arbitration Association, the State Bar of Georgia, the District of Columbia Bar, the Surety Claims Institute, the Construction Group Advisory Board for Federal Publications, the National Bond Claims Association, and the Forum Committee on the Construction Industry and Public Contract Sections of the American Bar Association. She is a Past Chair of the TIPS Fidelity and Surety Law Committee and a member of the Council of the TIPS of the ABA, and formerly a member of the Board of Directors of the Atlanta Council of Young Lawyers.

Prior to joining the AIA Ms. Schubert was a partner with an Atlanta law firm specializing in fidelity and surety law, and a supervising bond claims attorney for the Continental Insurance Companies.

Ms. Schubert is a frequent lecturer on the topics of grassroots and corporate lobbying, in addition to the substantive areas of fidelity and surety law, environmental law, antitrust law, and insurance availability and access.

Articles on IRMI.com

Surety: Surety Industry

Loss Ratios Increase for Surety Bonds—Will Bonds Be Available? (August 2002)

Surety Industry Addresses Increases in Surety Losses (July 2001)

Be Sure of Your Surety Bond! (June 2000)

Using Surety Bonds To Protect Your Construction Projects (March 2000)