/  ABOUT THE CLAIM \ Recently,  Guardian’s Surety Group was asked to investigate a claim for a subdivision involving 20 farm estate lots of 12-14 acres each. A common practice utilized on subdivision bonds that guarantee a developer will construct certain improvements can be observed when the municipal authority delays approval of the improvements. The developer, typically a limited liability company, is dissolved upon...

A 7MM bid spread prompted one of Guardian Group, Inc.'s largest surety clients to call upon our in-house experts. The surety understandably wanted to write a $19MM bond for their long-term contractor-customer, but the company and its underwriters were concerned that this contractor's bid was simply too low for the tasks at hand. ABOUT THE PROJECT The $50MM+ construction project...

Of course, elevators are supposed to go up and down. But when there's missing rebar in the masonry construction housing it, well, it's bound to fall out of alignment. And that's what made this elevator project go sideways. This was the primary topic on a recent surety file in The Big Apple, a claim our experts were asked to investigate...