Pennsylvania Supreme Court blocks bad faith lawsuits against surety bond issuers
Eastern filed for arbitration in November 2010, repeatedly notifying Fidelity and inviting its participation. Fidelity declined every time. When Ionadi…
Tag: bond
Union funds accuse Markel, CNA, Berkshire Hathaway of surety bond failures
The case takes on added significance for the insurance industry because of the involvement of multiple surety and insurance providers.…
Great American targets $2.3 million bond after Missouri bank fraud claim
The complaint details a sequence of events that began to unravel in October 2023. According to the filing, Megan Dougherty,…
Berkley Insurance demands $1 million collateral after Texas bond claims
Berkley Insurance Company is seeking judgment against the indemnitors, jointly and severally, for all losses, costs, and expenses of any…
Liberty Mutual compels client to pay $411k in surety bond fight
The defendants appealed, but the appellate court affirmed the lower court’s decision. The judges pointed to New York law, which…