/ ABOUT THE CLAIM The Guardian & YA Group Surety Team received an urgent call from one of its longstanding clients. The obligee on the $1.5MM bonded project was a municipal waterworks district, and the covered project was the installation of waterlines and valve train assemblies which would transport chemically pretreated water from a lake reservoir to a nearby...

/ ABOUT THE CLAIM A prominent surety reached out with an unfortunate situation on its hands. Their principal had fallen way behind on a bonded project: the complete upgrade and installation of a school-wide fire suppression system. The surety’s claims department sensed an imminent termination by the obligee and subsequent bankruptcy declaration by their principal. ABOUT THE INVESTIGATION Upon immediately...

/ ABOUT THE CLAIM Guardian and YA Group’s surety consultants were recently called upon by a longstanding client. The surety’s claim manager wanted our team’s engineers to help them ascertain status on one of their bonded principal’s general construction projects. The project was a small municipal building located in the Pacific Northwest. The principal had chosen to self-perform the concrete...