Blog tagged as Claims
Southland Holdings, Inc. disclosed that Zurich Insurance Company Ltd, one of its surety providers, has advanced approximately $15 million under a general indemnity agreement to fund bonded construction contract obligations and maintain progress on those projects, creating an obligation for Southland...
01/16/2026 10:51 AM
Lexon moves to enforce indemnity, collateral and access rights on bond dispute
Lexon Insurance is chasing not less than $2.6 million from an Oregon contractor group after a fire district construction project dispute.
On January 6, 2026, Lexon Insurance Company filed a verified action in the Unit...
01/14/2026 12:10 PM
In VanMar Constructors ON 1028 Inc. v Travelers Insurance Company of Canada, 2025 ONSC 6959, the Ontario Superior Court found that a performance bond action by a contractor was commenced after expiry of the bond limitation period, and dismissed the action. While the facts were straightforward, the c...
01/09/2026 01:49 PM
A surety is chasing nearly $7 million from a contractor that allegedly walked off a New Jersey public works job, leaving unpaid subcontractors behind.
Berkley Insurance Company filed suit on December 23, 2025, in the US District Court for the District of New Jersey against Tekcon Construction, Inc. a...
01/06/2026 02:13 PM
By Matthew Sellers
A $3 million bankruptcy battle between Hartford Accident and Indemnity and Capital Credit Union is putting surety agreements under the spotlight for insurers nationwide.
When North Dakota-based Pro-Mark Services, Inc. filed for Chapter 7 bankruptcy in April 2024, it set off a contes...
10/22/2025 10:59 PM