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What is Stronghold Insurance Liability Ruling about?

Stronghold Insurance Company provided a performance bond for a construction project but the contractor failed to complete the project. The owners filed a complaint against the contractor and Stronghold. The court found that Stronghold could not invoke the arbitration clause in the construction agreement because it was not a party to that agreement. As the surety, Stronghold was liable for failing to ensure the contractor completed the project, as outlined in the terms of the performance bond. The court orde

Author

Sam Lago

Language

EN