A surety’s playbook for managing a troubled contractor worked — until it allegedly didn’t.
Frankenmuth Insurance Company filed suit on February 12, 2026, in the US District Court for the District of Maryland, accusing contractor Oakmont Contracting LLC and two individual indemnitors of breaching an indemnity agreement connected to more than $25 million in surety bonds across multiple construction projects, most of them for federal government agencies including the US Navy and the General Services Administration.
The case traces a familiar arc for surety professionals, but with a twist that makes it worth watching…