Reinsurer Awarded $818,345 in N.Y. Federal Surety Bond Action



DOCUMENTS
  • Order


NEW YORK — A New York federal judge has awarded a reinsurer $818,345 in breach of contract damages, plus interest, in a case involving a construction company’s default on surety bonds issued by the reinsurer.

In a Sept. 13 order, Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that a default judgment is appropriate because the construction company never answered the reinsurer’s complaint or otherwise defended the action.

Endurance Assurance Corp., a reinsurance corporation, agreed on Aug. 28, 2018, to issue certain surety bonds on behalf of Whitlock & Shelton Construction Inc., …






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