/ 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...

/ ABOUT THE CLAIM, CASE, OR ISSUE Guardian Group, Inc.’s Construction Defect Group was recently called in to consult on a purported construction defect case in the Southeast. The insurance carrier and their legal team sought forensic support in defending their general contractor client. The owner/developer was suing him for 2 million dollars in estimated repair costs, plus lost revenue...

/ ABOUT THE CLAIM / This month’s bond claim case study comes to us courtesy of the commercial side of the surety business. The proprietor of a multi-location check cashing company had committed fraud when reporting transactions and had subsequently been indicted. By stipulating lower amounts on mandatory reporting forms, he had attempted to avoid paying state taxes. Unfortunately for...