The industry served by The Surety & Fidelity Association of America consists of insurance companies that provide surety and fidelity bonds. These are the bonds that facilitate commerce, assist economic development and protect consumers in a variety of ways elaborated upon throughout the website. Annually the industry generates approximately $3.5 billion in written premiums from surety bonds and $930 million from fidelity bonds. The industry has been in existence in the United States for over 100 years. The first corporate surety company was the United States Fidelity and Casualty Company of New York, which was established in 1880. Since that time the industry has been serving the needs of businesses, public bodies and individuals.