We regularly represent our clients in actions arising from fidelity losses. Our fidelity clients call on us to assist them in Financial Institution Bond, Commercial Crime, and Employee Dishonesty claims. We have handled claims involving tens of millions of dollars and some of the most complex and sophisticated fraud schemes imaginable. We also assist our fidelity clients in recovering assets that have been fraudulently misappropriated by dishonest employees. Our attorneys are members of the American Bar Association’s Fidelity & Surety Law Committee, the National Bond Claims Association, the Surety Claims Institute, and the Gulfcoast Fidelity & Surety Institute. They are recognized national speakers on virtually all fidelity topics.
Florida’s Fourth District Court of Appeal recently had the opportunity to provide much needed guidance on the issue of whether a statutory motor vehicle dealer bond caps the surety’s liability for plaintiff’s attorneys’ fees at the penal sum of the bond. Unfortunately, the court found another issue to be dispositive and declined to rule on the attorneys’ fees issue.October 21, 2013
In Arch Insurance Company v. John Moriarty & Associates of Florida, Inc., Case No. 1:15-cv-22403-RNS (S.D. Fla. December 12, 2016), Arch Insurance Company (“Arch”) sued John Moriarty & Associates of Florida, Inc. (“Moriarty”) seeking a declaration that there was no coverage under a performance-and-payment bond (“Bond”) that Arch issued on a project naming Moriarty as the obligee. Moriarty was the general contractor and sought $995,239.83 from Arch, under the performance side of the Bond, related to alleged shortfalls of the subcontractor/principal.October 21, 2013