Archive:October 7, 2007

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Contractor, But Not Owners of Contractor, Protected Under Maine’s Insurance Guaranty Association Act

Contractor, But Not Owners of Contractor, Protected Under Maine’s Insurance Guaranty Association Act

Belanger v. N. Am. Specialty Ins. Co., 504 F. 3d 147 (1st Cir. 2007)

In this case, North American Specialty Insurance Company, a surety, brought a suit against its principal contractor, Seacoast Crane Company and Seacoast’s owners (the “Belangers”) to recover monies paid out under a performance bond.  NAS had issued the performance bond on behalf of Seacoast to build a corporate headquarters project for DCC Development Corporation.  In the suit, initiated in the United States District Court for the District of Maine, NAS asserted claims for indemnification, breach of contract and specific performance based on a judgment that was entered against NAS and Seacoast, and against the Belangers for breach of contract in connection with the DCC project. Read More

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