Travelers Sues To Avoid Bond Claims On Mo. Projects

Law360, New York (October 2, 2012, 4:58 PM EDT) -- Travelers Casualty & Surety Co. of America asked a Missouri federal court Monday to find it has no duty to pay for claims made on more than nearly $24 million in construction bonds issued for big-ticket public projects in Missouri.

The company also sought to force Frederich Construction Inc., which was issued the bonds, to repay more than $3 million in claims on bonds already paid by the insurer.

According to Travelers' complaint, FCI entered agreements to build a number of large construction projects including library...
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