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, CASE, OR ISSUE Though you’ll most frequently find Guardian Group’s Construction Defect Group on the defense side of the legal equation, the company’s forensic experts do indeed provide support to plaintiffs when needs arise. On this particular case, the new owner of a home designed by a celebrated architect had recently purchased the Hollywood Hills property...

A 7MM bid spread prompted one of Guardian Group, Inc.'s largest surety clients to call upon our in-house experts. The surety understandably wanted to write a $19MM bond for their long-term contractor-customer, but the company and its underwriters were concerned that this contractor's bid was simply too low for the tasks at hand. ABOUT THE PROJECT The $50MM+ construction project...