Judge Finds Insurer Has No Duty To Indemnify Contractor Under Performance Bond

(February 26, 2021, 2:22 PM EST) -- BOSTON — A federal judge in Massachusetts on Feb. 12 awarded summary judgment to an insurance company named as a surety in a performance bond, finding that the insurer has no duty to indemnify a general contractor for almost $3 million in damages for a subcontractor’s allegedly faulty work because the contractor did not satisfy a condition precedent that required it to terminate the agreement with the subcontractor....