Beyond the Four Corners: What’s In, and What’s Out, of Your Statutory Bonds?

Includes a Live Web Event on 08/26/2025 at 2:00 PM (EDT)

The precise language of a surety bond can be dispositive.  Reading the bond closely is critical.  However, statutory bonds are different, and it’s a mistake to end the inquiry with the bond terms.  This virtual seminar will examine the differences between common law and statutory surety bonds, both contract and commercial.  We’ll discuss the varied rules for construing these bonds and provide examples of the outcomes derived from those rules.  Attendees will hear about what to investigate beyond the four corners of surety bonds governed by statutory law.

Jerry Carozza

Senior Counsel

Liberty Mutual Surety, Commercial Surety Claims

Jerry Carozza is a senior counsel with Liberty Mutual Surety in their commercial surety claims unit.  Prior to joining Liberty, Jerry handled both contract and commercial surety claims for almost 30 years, including 24 as the head of bond claims for a regional carrier.  Earlier in his career, Jerry practiced commercial real estate development and debtor/creditor law in New Jersey and worked at the Federal Deposit Insurance Corporation liquidating failed thrifts in the 1990s, with a focus on environmentally challenged assets requiring remediation.  Blessed with two careers, Jerry also served in the Army Reserve for 26+ years where he rose to the rank of full Colonel and served in Afghanistan from 2010 to 2011.

Greg Veal

Partner

Bovis, Kyle, Burch & Medlin, LLC

Greg Veal is a Partner at Bovis, Kyle, Burch & Medlin and is a member of the firm’s Fidelity, Surety, and Construction group with related experience going back to 1982. He has been with the firm since 1993, but he has first-hand experience in both a smaller, boutique construction partnership as well as a 200-lawyer firm. His career began during the time when fidelity and surety claims alike were handled by the same company representatives, and he continues to work in both areas today.  He was born in Augusta, Georgia, has practiced in the Atlanta area for over 40 years, and currently lives in Peachtree Corners with his wife of over 30 years.

Greg has written and spoken often for groups interested in fidelity, surety, and construction law topics, including the Fidelity & Surety Law Committee (FSLC) of the Tort, Trial & Insurance Practice Section of the ABA (TIPS), the State Bar of Georgia’s Institute for Continuing Legal Education (ICLE), the Surety Claims Institute, and most frequently at conferences of the Southern Surety & Fidelity Claims Association (SSFCA).

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Beyond the Four Corners: What’s In, and What’s Out, of Your Statutory Bonds?
08/26/2025 at 2:00 PM (EDT)  |  60 minutes
08/26/2025 at 2:00 PM (EDT)  |  60 minutes
Evaluation
2 Questions
Certificate of Attendance
No credits available  |  Certificate available
No credits available  |  Certificate available