/ ABOUT THE CLAIM / In the wake of a recent storm, one of Guardian’s insurance carrier clients received a claim from one of its commercial policyholders. The subject property is a 1976-build, 25,000 sf, concrete building clad with brick veneer. The roof of the structure is low slope, with a modified bitumen built-up roof with a granulated membrane cap...
/ ABOUT THE CLAIM: In the wake of recent major hurricane, Guardian received a call from one of its insurance carrier-clients on behalf of a Louisiana policy holder. This owner of a 5,000 sf commercial building (a warehouse) had already filed a claim, and commenced work, repairing his roof and plywood decking. But he expressed concern to his insurance company...
/ 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...