Appeals Court Rejects Insurer’s Argument That Performance Bond Was Void

(March 3, 2021, 11:44 AM EST) -- SAN FRANCISCO — A California appeals panel on Feb. 26 sustained a trial court judge’s ruling that an insurer must satisfy its surety obligations under a performance bond it issued to a state housing authority, finding that the insurer could not argue on appeal that the bond was void under California law because the bid for the rehabilitation project was submitted by an unlicensed contractor....