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...

/ ABOUT THE CLAIM / Not every surety bond claim involves a multi-million dollar construction project takeover. Often, performance bond investigations are, regardless of size, really about identifying the best and fairest way forward for the surety and its client-principal. Guardian Group’s Surety Group was recently called in to consult on behalf of one of its longstanding clients. The claim...

/ ABOUT THE CLAIM Even the world’s sharpest surety bond underwriting cannot eliminate all risk or loss. On this particularly tragic claim, involving the framing subcontractor for a mixed-use building that incorporated several hundred apartment units, the one possibility that nobody had planned for was that the principal would pass away at an early age. This was a uniquely sad...