/ ABOUT THE CLAIM: The conversion of an attic into occupied space led a homeowner in the East Coast to report damage to his insurance carrier. Specifically, the insured said that during remodeling damage to flooring and framing was discovered. The insurance carrier asked Guardian Group, Inc.’s Property & Casualty Group to inspect the property and determine cause &...

/ 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...

  / / No rest for the hurricane weary /Amidst dangerous flooding at Yellowstone and record heat affecting much of the nation, we’re reminding everyone that June 1st officially marked the beginning of hurricane season. After the loss of life and financial devastation of last year’s Hurricane Ida, one of the storms that rendered 2021 the third most active hurricane...