Federal safety officials are advising homeowners with Chinese drywall to completely remove the tainted product and replace all electrical components and wiring, gas service piping, fire suppression sprinkler systems, smoke alarms and carbon monoxide alarms. The advice comes from the …
A Louisiana court has rebuffed an insurance company’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from so-called Chinese drywall. Specifically, the Civil District Court in New Orleans …
Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from Chinese drywall will probably be covered within insurers earnings, …
Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state Sen. Julie Quinn, R-Metairie, and Rep. …
U.S. Congressman Charlie Melancon (LA-03) sent a letter to the nation’s top fire official requesting his assistance in protecting homeowners from toxic Chinese drywall. In his letter to U.S. Fire Administrator Kelvin Cochran, Congressman Melancon noted that corrosion of electrical …
Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall. But the Federal Emergency Management Agency, which typically deals with hurricanes and other natural disasters, isn’t going along. The state …
A luxury residential construction firm has filed suit against 14 insurance companies to force them to cover claims relating to allegedly defective Chinese drywall. The suits were filed by WCI Chinese Drywall Trust, which was formed in bankruptcy proceedings of …
Louisiana Attorney General Buddy Caldwell filed suit in Orleans Parish against multiple Knauf entities, other international and domestic manufacturers, distributors, importers of alleged toxic Chinese drywall. Several builders were also named in the lawsuit. Caldwell’s lawsuit alleges the State of …
On Jan. 6, the WCI Chinese Drywall Trust, an entity formed in bankruptcy proceedings of residential homebuilder WCI Communities Inc., announced it had filed suit against 14 insurance companies seeking indemnification for losses arising from claims related to allegedly defective …
The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development and sale of homes allegedly containing defective …
