Between 2004 and 2008, there was a scarcity of building supplies in the wake of a national housing boom and several hurricanes devastating eastern and southern coasts of the United States.
Desperate for solutions, some builders began using drywall imported from China to build and repair. That imported drywall has been linked to property damage in the homes, such as corrosion of metal surfaces, as well as claimed health issues. Thus began the onslaught of third-party liability claims by homeowners against builders and drywall subcontractors, and others involved in the supply chain, and, in turn, commercial general liability (CGL) coverage claims by these builders and subcontractors.
To wade through these complex liability issues with aplomb, casualty adjusters can learn more at “Chinese Drywall Coverage Decisions: Impact on Future Casualty Claims” at the PLRB/LIRB conference later this month. John B. Mumford, Jr., one of the attorneys presenting the session offered a scoop on what attendees can expect.