ABOUT THE CLAIM Recently, the Guardian & YA Surety Group was called in to consult on multi-phased 300+ lot subdivision bond claim. Subdivision bond claims represent unique challenges to the surety. In addition to their high claim costs exerting a significant impact on a surety’s bottom-line, the relet and completion work itself can be complicated by the number of jobs/contractors/specialists...

/ ABOUT THE CLAIM In the aftermath of a recent hurricane, a building owner filed a property claim with his insurance carrier. The small commercial building is constructed of CMU (concrete masonry unit) exterior walls with structural steel support for the roof. The aforementioned roof is a low-slope system with a single-ply PVC membrane. The policyholder stated that storm activity...