/ ABOUT THE CASE, CLAIM, OR ISSUE The stucco subcontractor on a high-rise condominium was facing a lawsuit with damages estimated to be $7MM+. The HOA complained that the directly applied stucco had been separating from the concrete and CMU (concrete masonry unit) structure. Stucco separation on a high-rise does pose a serious life safety issue. The stucco subcontractor’s insurance...
/ 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...