/ 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...

/ ABOUT THE CLAIM Quite often, the worlds of surety and construction defects intersect. Such was the case on a claim a surety client reminded us of recently. It was a shared war story, if you will, and nothing bonds surety bond folks quite like being ‘in the trenches” together. In this case, the general contractor for a three-story parking...

/ ABOUT THE CLAIM / A homeowner complained to their insurance carrier about a tall retaining wall at the back of their property. The wall creates a terrace with two parking spaces below, accessible by a back alley. The policyholder’s primary concern was that the retaining wall appeared to have moved. ABOUT THE INVESTIGATION / Immediately, Guardian Group, Inc. sent...