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Southland settles Washington State Convention Center surety losses with Liberty for $5 million
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Southland settles Washington State Convention Center surety losses with Liberty for $5 million
  • Southland unit American Bridge reached a settlement with Liberty Mutual, Zurich, Fidelity to resolve WSCC Project surety losses.
  • Payment set at USD 5 million by Sept. 30, 2026 to settle about USD 36.4 million of losses tied to the project.
  • About USD 34 million of the losses relate to the Washington State Convention Center judgment against American Bridge.
  • Preliminary estimate points to about USD 29 million income-before-tax benefit in Q3 2026 from the settlement.
  • Negotiations continue with Zurich to address the remaining surety payable linked to the WSCC judgment.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southland Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-009431), on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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