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...

/ Guardian Group, Inc.'s Todd Bauer was featured in the December, 2022 issue of Surety Bond Quarterly, a publication of National Association of Surety Bond Producers. The article highlights a surety bond claim case study involving a church. To read the (mobile-friendly) version of the article, kindly click on the link:  https://www.suretybondquarterly-digital.com/sbpq/0422_winter_2022/MobilePagedArticle.action?articleId=1839205#articleId1839205

/ ABOUT THE CLAIM / This month’s bond claim case study comes to us courtesy of the commercial side of the surety business. The proprietor of a multi-location check cashing company had committed fraud when reporting transactions and had subsequently been indicted. By stipulating lower amounts on mandatory reporting forms, he had attempted to avoid paying state taxes. Unfortunately for...