Two more construction industry insurers merging?
MSNBC reports today Zurich Financial Services and St. Paul Travelers Cos. are in merger talks.
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Mississippi construction law and claims news: the Tupelo Fairpark project dispute
"This story is about dirt," said Thomas W. Prewitt, the Dean of the Mississippi construction law bar, "It's a story about dirt wetted by the blood of friendship broken and packed by orders of hurry and get it done and I'll pay you later."
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Punitive Damages update
The Tennessee Business Litigation Law blog points to an article by a defense attorney about how the lower courts are applying the Supreme Court's decision in State Farm v. Campbell on the constitutional limits of punitive damages awards.
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Surety recovers attorneys fees under indemnity agreement
The Third Circuit held last week a surety may recover indemnity from the owner of a subcontractor it bonded for attorneys fees the surety incurred in defeating a performance bond claim even though no surety relationship ever existed between the surety and the bond claimant.
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Performance Bond Not Conditioned on Declaration of Default
Construction lawyers may have to rethink their reading of the widely used AIA performance bond form as a result of a decision earlier this year by the Washington Court of Appeals.
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