/ 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...

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 Guardian and YA Group’s surety consultants were recently called upon by a longstanding client. The surety’s claim manager wanted our team’s engineers to help them ascertain status on one of their bonded principal’s general construction projects. The project was a small municipal building located in the Pacific Northwest. The principal had chosen to self-perform the concrete...