/ 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...
/ ABOUT THE CLAIM In the aftermath of a recent hurricane in the U.S. Southeast, the HOA of an aging, medium-rise condominium tower filed a claim with their carrier. The insurance carrier knew it needed a reliable determination of cause & origin on all the cited areas of damage and therefore called upon its complex and large property claim specialist...
/ ABOUT THE CASE The General Contractor responsible for a development of 200+ townhome-style condominium complex was being sued by the HOA. In the wake of a storm that included massive rainfall, the first floors and garages of almost all the units experienced widespread water intrusion. Claimed damages exceeded $4MM. ABOUT THE FORENSIC INVESTIGATION The law firm for the general’s...