/ / No rest for the hurricane weary /Amidst dangerous flooding at Yellowstone and record heat affecting much of the nation, we’re reminding everyone that June 1st officially marked the beginning of hurricane season. After the loss of life and financial devastation of last year’s Hurricane Ida, one of the storms that rendered 2021 the third most active hurricane...
A 7MM bid spread prompted one of Guardian Group, Inc.'s largest surety clients to call upon our in-house experts. The surety understandably wanted to write a $19MM bond for their long-term contractor-customer, but the company and its underwriters were concerned that this contractor's bid was simply too low for the tasks at hand. ABOUT THE PROJECT The $50MM+ construction project...
Hurricane Barry’s slow-moving nature led to excessive rainfall, wind damage and rampant power outages. Fortunately, the storm preparedness efforts undertaken throughout the region seem to have limited Barry’s death and injury toll, yet hundreds will remain displaced due to homes rendered uninhabitable. Storm and tornado damage have impacted the entire Lower Mississippi Valley, including Arkansas and up the Ohio Valley to Tennessee and Kentucky. >>When claims come in,...