June 16, 2022
A Hawaii federal judge granted summary judgment to a Tokio Marine unit on its $4 million breach of contract claim against a subcontractor that refused to pay out under a surety bond, finding that the subcontractor forfeited its main line of defense by failing to post collateral.
March 15, 2021
A former subcontractor on a Hawaii highway construction project sued a Tokio Marine unit in that state's federal court over a $5.65 million performance bond, saying the contractor involved missed its window to try and enforce the instrument.