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 / The owner of an approximately 16,000 square foot building filed a claim with his property insurance carrier. The policyholder’s claimed damages included a detached brick veneer and the falling away of bricks.  He asserted that said damages were due to one or more recent earthquakes in the area. The third-party administrator under contract by the...

/ ABOUT THE CLAIM, CASE, OR ISSUE / A large-scale desert single family subdivision development was the site of a recent construction defect investigation. The developer’s insurer needed to defend one of their subcontractors against a large claim brought forth by the local municipality. The subcontractor was the underground electric installer, and the city was seeking $20MM to re-pave the...