/ 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...
/ ABOUT THE CLAIM / While defaults of busy specialized subcontractors can often lead to simultaneous claims, when a major general contractor goes under (think billions of dollars in revenue, not mere millions), both the number of surety claims and the financial size thereof multiply proportionately. Such was the case when this global contractor’s hearty appetite for growth got the...