MSIG USA names Patrick Dougherty to lead surety
The rating and launch of the platform come as the US surplus lines market continues to be one of the…
Tag: surety
Pennsylvania Supreme Court Holds That Pennsylvania’s Bad Faith Statute Does Not Apply To Surety Bonds | Houston Harbaugh, P.C.
Pennsylvania’s bad‑faith statute, 42 Pa. C.S.A. § 8371, permits insureds to recover certain damages in “action[s] arising under an insurance…
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…
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.…
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…