Equitable Subrogation as the Foundation of Surety Law

A surety on bonded construction projects has equitable subrogation rights when it is asked to perform under its performance or payment bonds. This means that the surety can take the place of the entity whose claim has been paid and assert the same rights to the contract funds as that entity would have had. On this NASBP Virtual Seminar, we are joined by Jacquelyn Klima of Kerr Russell, and Ashlee Rudnick of Intact Insurance Surety Group who will walk through cases that have set and upheld the legal precedent for equitable subrogation, what it means and why it's important.

Jacquelyn A. Klima

Member

Kerr Russell

Jacquelyn is experienced in the analysis of claims against performance bonds, payment bonds, and other commercial bond forms; pursuit of exoneration and indemnification frombond principals and indemnitors; recovery of contract balances; and all aspects of litigation from the receipt of a claim through the appeals process. Jacquelyn also handles general contract disputes, construction litigation, professional liability defense, and title insurance cases.

Ashlee Rudnick

Surety Claim Manager

Intact Insurance Surety Group

Ashlee Rudnick is a surety claim manager at Intact Insurance Surety Group where she handles performance, payment, and various commercial bond claims. She received her bachelor’s degrees in political science and Latin from the University and Michigan and her JD from Michigan State University Law School. Prior to joining Intact, she practiced real estate and property transactions and worked in the pipeline industry focusing on easement acquisitions and damage settlements.

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