MBTA sues Liberty, BHSI, Zurich, AIG in $213.8mn surety bonds case
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MBTA sues Liberty, BHSI, Zurich, AIG in $213.8mn surety bonds case

Jairo Ibarra
October 27, 2022
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Subway Train boston

The Massachusetts Bay Transportation Authority (MBTA) has sued various insurance companies in a case involving surety bonds with the total penal sum of $213.8mn.

MBTA signed a contract with LMH-Lane Cabot Yard Joint Venture for $213.8mn to rebuild and improve the existing Cabot Yard and Cabot Yard Maintenance Facility in South Boston.

However,

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Topics

NewsLegalPol risk, credit & suretyLiberty MutualBerkshire HathawayZurichAIG
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Jairo Ibarra
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