Berkley Insurance calls for $1 million collateral after Texas bond claims

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Berkley Insurance Company is in search of judgment towards the indemnitors, collectively and severally, for all losses, prices, and bills of any form or nature, together with lawyer charges, consulting, and different skilled charges and bills incurred in reference to any bond or with implementing the phrases of the indemnity settlement. The insurer additionally seeks an order requiring the deposit of collateral safety within the quantity of $1,000,000 with Berkley Insurance Company, in addition to attorneys’ charges, prices of court docket, pre- and post-judgment curiosity on the most quantity allowed by regulation, and every other reduction to which it’s justly entitled.

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