Eagle Fire Protection Corp. v. First Indemnity of America Insurance

The dispositive issue is whether plaintiff, Eagle Fire Insurance Company (Eagle Fire), instituted this action against defendant, First Indemnity of America Insurance Company (First Indemnity), within the one-year period required by First Indemnity’s performance bond. First Indemnity furnished the bond to a general contractor, Olsen & Hassold, Inc. (Olsen), to guaranty Olsen’s payment to subcontractors such as Eagle Fire.

*366The bond bars an action commenced one year after Olsen ceased work. I accept the premise that Olsen’s responsibilities “included not only the furnishing of workers but also…