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How Ontario is responding to surety writers’ COVID-19 concern

April 14, 2020 by Greg Meckbach

Concerns from surety bond providers have prompted the Ontario government to make one change, effective this Thursday, to the state of emergency during the pandemic. As it stands, an emergency order suspending limitations means liens against construction projects technically never

News Construction

How COVID-19 impacts surety bond placement

March 26, 2020 by Greg Meckbach

Placing surety bonds has become more challenging with the social distancing precautions underway with the COVID-19 pandemic, but it is possible to do this electronically, says an association representing insurers who write surety bonds. Surety bonds can now be placed

News Legal

Supreme Court of Canada could review ‘joint and several liability’ clause in surety bond

February 12, 2020 by Greg Meckbach

The Guarantee Company of North America wants to take a disputed claim on a 20-year-old performance bond to the Supreme Court of Canada. The top court announced Feb. 7 that The Guarantee is applying for leave to appeal HOOPP Realty

News ClaimsLegal

How this surety bond could be examined by Supreme Court of Canada

December 9, 2019 by Greg Meckbach

When do the terms of a surety bond allow a construction project owner to withhold payments to a contractor? This question could go to the Supreme Court of Canada, which recently announced a federal crown corporation wants to appeal a

News ConstructionInsurance

How oil patch woes impact surety bond losses

July 29, 2019 by Greg Meckbach

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in

News ConstructionInsurance

How construction clients could be taking on too much risk

July 26, 2019 by Greg Meckbach

If you place insurance for construction clients, they could be signing contracts that saddle them with risks that they should not be taking on. “We are beginning to see tenders coming out where not enough design work has been done

News ClaimsInsurance

How subrogated claim leads to landmark win for Guarantee

January 18, 2019 by Greg Meckbach

A $1.9-million surety bond claim has resulted in a landmark court decision in favour of The Guarantee Company of North America. A-1 Asphalt Maintenance Ltd. went bankrupt in 2014. At that time it was a contractor on four road-paving projects in

News Insurance

Top court could hear this surety bond dispute

December 17, 2018 by Greg Meckbach

A dispute involving The Guarantee Company of North America arising from unpaid construction bills could reach the Supreme Court of Canada. The highest court announced Friday The Guarantee is applying for leave to appeal Guarantee Company of North America v

News Insurance

Mandatory surety bond legislation lacking in Ontario: MPP

October 2, 2017 by Canadian Underwriter

Making surety bonds mandatory on public sector construction projects in Ontario would help protect subcontractors and suppliers, a Liberal MPP suggested last week in the legislature. Bill 142, if passed into law, would make it mandatory for a contractor who