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Items Tagged with 'surety bond claims'

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Surety Manager Who Sent Out Bond Claim Payments to Himself Is Sentenced

James Keating cheated Allied World out of more than $1 million

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March 11, 2025

A federal judge sentenced James Keating to 20 months in prison, plus restitution.

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Berkley Surety Seeks $10 Million From San Antonio Contractor

A school district had made a claim under Davila Construction's performance bond

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November 12, 2024

The surety's lawsuit against the firm involves numerous contracts and multiple project owners.

Katerra bankruptcy and creditors

Finance

Who May Feel Financial Pain Inflicted by Katerra's Bankruptcy

Where did the promise of innovation go wrong?

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June 10, 2021

Unpaid trade creditors, obligations to sureties and speculation about what went wrong with the fast-moving startup.

Surety and false claims act cases

False Claims Act Liability

Mediation Fails In Federal Lawsuit Seeking Damages From Sureties for Alleged Contract Fraud

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July 17, 2020

Who is responsible if an SBA certification is faked, as the U.S. attorney claims in Narula case?

Construction Risk Management

Big Disputed Oregon Power Plant Surety Claim Inches Toward Trial

Zurich and Liberty Mutual contend that the bankrupt contractor was not properly terminated.

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February 22, 2017

Will Zurich and Liberty Mutual be compelled to pay off bond provided by a bankrupt contractor?

Construction Risk Management

Surety Bond Claims on Abengoa Could Hit $200 Million

A court ruling leaves less room for Liberty Mutual, Zurich and others to recoup surety bond claims

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May 6, 2016

Most of the potential loss involves an electrical power plant in Oregon.

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