ABOUT THE CLAIM: . Recently, Guardian Group’s Surety Group was called in by a longtime client on an unusual claim. Although, that said, is there really such a thing as a “usual” claim in the worlds of surety and construction defects? No, not really. Every situation is different and must be assessed objectively, with the benefit of experience, of course,...

ABOUT THE CLAIM: Not too long ago, one of Guardian’s longstanding surety clients called us regarding one of their bonded contractors, an extremely skilled electrician who had requested bridge financing and for whom they were concerned had overextended his company. Of the company’s 14 bonded projects, one of the largest was a 35,000 s/f facility that utilized a state-of-the-art smart...

ABOUT THE CLAIM: In the wake of Hurricane Sandy, FEMA made grants available to enable coastal communities advance warning and greater evacuation time. The grants were intended to fund the installation of tidal sensors, which sit atop constructed platforms both onshore and offshore. Our surety-client’s principal was awarded the project based on a too-low bid (about one quarter of the...