Homebuilders Seek Panel Rehearing On Reimbursement Ruling With Insolvent Surety

(July 8, 2020, 2:00 PM EDT) -- SAN FRANCISCO — Builders ask the Ninth Circuit U.S. Court of Appeals on July 2 to rehear an insolvent surety’s case alleging that they breached a continuing agreement of indemnification (CAI) by refusing to reimburse claims of $1,925,880.84 because they were not notified of the claims made by two California cities until after submission in the surety’s liquidation (Western Insurance Co. in liquidation v. Frontier Homes LLC, et al., No. 19-55101, 9th Cir.)....