/ ABOUT THE CLAIM The Guardian & YA Group Surety Team received an urgent call from one of its longstanding clients. The obligee on the $1.5MM bonded project was a municipal waterworks district, and the covered project was the installation of waterlines and valve train assemblies which would transport chemically pretreated water from a lake reservoir to a nearby...

/ ABOUT THE CLAIM / When the principal on one of Guardian and YA Group’s longstanding surety clients’ bonds began to fall behind schedule, the surety knew it was time to call in the surety experts. The principal was the framer on a 300-unit mid-rise apartment building in our nation’s Northeast. Delays at this phase of construction would obviously impact...

/ ABOUT THE CLAIM A prominent surety reached out with an unfortunate situation on its hands. Their principal had fallen way behind on a bonded project: the complete upgrade and installation of a school-wide fire suppression system. The surety’s claims department sensed an imminent termination by the obligee and subsequent bankruptcy declaration by their principal. ABOUT THE INVESTIGATION Upon immediately...