CHICAGO - Guarantors to a surety bond issued by an insolvent insurer must deposit $1.6 million with the insurer pursuant to an indemnity agreement, the Seventh Circuit U.S. Court of Appeals affirmed March 19 (Frontier Insurance Co. v. J. Roe Hitchcock, et al., No. 11-3510, 7th Cir.; 2013 U.S. App. LEXIS 5557)....(read more)Image may be NSFW.
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