Heritage Insurance Co. of America v. Evans

Andrews, Judge.

Zack Stamp, Director of Insurance for Illinois, appeals the grant of Marvin M. Black Company’s motion for reconsideration of the grant of Stamp’s motion for new trial.

Black was the general contractor on the State of Georgia’s Correctional Training Facility. As such, it was also obligee under performance and payment bonds issued by Heritage Insurance Company, domiciled in Illinois, and posted by ICC, the insulation subcontractor on the project. The face amount of each bond was $210,000. In August of 1985, ICC abandoned the project which was then taken over and completed by…