/ ABOUT THE CASE, CLAIM, OR ISSUE: Almost 10 years after a shoreline condominium’s complex completion, its HOA filed a multimillion-dollar lawsuit. The subject building was a townhouse style in the Northeast that had been constructed immediately adjacent to a marina. In order to shore up construction as well as afford residents and other passers-by the opportunity to stroll directly...
/ ABOUT THE SITUATION SURETY COMPANIES FACE: / While we typically highlight one unique, topical, or otherwise interesting surety claim in this space, it is important to note that not every claim is exceptional. Many more are routine, but these claims too must be handled in a timely, reliable manner. In this “case study” we will discuss not a single...
ABOUT THE CLAIM Not too long ago, Guardian’s Surety Group was called upon by one of its longstanding clients to investigate a bridge-related bond claim in the Midwest. The obligee on the bond, the state where the bridge stood, made a claim on the bond as soon as they noticed a work stoppage on the part of the bonded principal,...