The backstory, as told in the filing, is familiar to anyone who has worked a surety claim. US Fire says it agreed to back Palace based on a General Indemnity Agreement signed on or about December 28, 2015, and later amended on March 1, 2019. On the strength of that deal, the surety says it executed around 20 performance and payment bonds for contracts with the Town of Hempstead, the Hicksville, Carle Place, Plainview and Port Washington water districts, the City of New York, Nassau County, the Village of Hempstead, and several school districts, including Longwood, Valley Stream, Miller Place and Bridgehampton. A separate benefits and wage bond – eventually raised to a $250,000 penal sum – was posted in favor of the Electrical Industry Board of Nassau and Suffolk Counties.
US Fire sues electrical contractor and spouses to claw back $1.8M on bonds
By Awais
