They guaranteed a school safety project. The contractor went bankrupt. Now Markel wants $1.6 million
What happened: Markel Insurance alleges four personal guarantors refused to post $1.6M in collateral after the contractor they backed defaulted on a school district project and filed for bankruptcy.
Who’s involved: Markel Insurance Company (surety), SunSafe Film, LLC (contractor), Grand Prairie Independent School District (obligee).
What’s at stake: More than $450,000 in losses already incurred and a collateral demand of…