/ ABOUT THE CLAIM Recently, Guardian Group, Inc.’s Surety Group was asked to consult on a claim on behalf of one of the industry’s largest and most respected sureties. Two concrete projects undertaken by a skilled contractor and located in neighboring Southwest states necessitated Guardian’s involvement. The surety’s contractor-principal was experiencing cash flow problems. In order to mitigate its...
. ABOUT THE CLAIM The insured reported that during a thunderstorm an employee at his small (8,000 square foot) commercial facility claimed to have heard a cracking noise which precipitated he and his fellow workers to hurry to the exit of the building. The roof collapsed, and the failure was captured on video. The policyholder claimed that a lightning...
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,...