/ ABOUT THE CLAIM Even the world’s sharpest surety bond underwriting cannot eliminate all risk or loss. On this particularly tragic claim, involving the framing subcontractor for a mixed-use building that incorporated several hundred apartment units, the one possibility that nobody had planned for was that the principal would pass away at an early age. This was a uniquely sad...

/ ABOUT THE CLAIM: / A surety called Guardian Group, Inc. for support on a bond claim investigation. An electrician had filed for Chapter 7 bankruptcy protection… but this was no ordinary electrician, and this was certainly no run-of-the-mill job. The surety’s principal, the electrical subcontractor, had been given a $12MM bond to guaranty his company’s performance on a major...