Travelers Sues Construction Cos. Over Bond Indemnity

Law360, New York (January 13, 2012, 3:53 PM EST) -- Travelers Casualty and Surety Co. of America launched a suit in Nevada federal court Thursday accusing two construction companies and their executives of failing to indemnify it for losses related to more than $70 million in surety bonds.

Under separate general agreements of indemnity, contractors Williams Brother Inc. and Peek Construction Co., along with several executives, agreed to “exonerate, indemnify and save Travelers harmless from and against all loss” related to bonds that Travelers issued to the companies for various construction projects in Nevada, according to...
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