/ ABOUT THE CLAIM A prominent surety reached out with an unfortunate situation on its hands. Their principal had fallen way behind on a bonded project: the complete upgrade and installation of a school-wide fire suppression system. The surety’s claims department sensed an imminent termination by the obligee and subsequent bankruptcy declaration by their principal. ABOUT THE INVESTIGATION Upon immediately...
/ / ABOUT THE CASE, CLAIM, OR ISSUE The homeowner’s association of a large, high-rise condominium filed suit against the subcontractor who was responsible for the installation of the building’s fire suppression system. Included in this company’s scope of work was the installation of exit signs throughout the towers’ hallways and public spaces, a standard element of building code....