While comparisons to mold and asbestos are inevitable, liabilityinsurance exposures arising from the installation of taintedChinese drywall in Southeast homes will not grow to asbestos-likeproportions, legal experts predicted recently.
Still, news of the filing of the first class action overdefective drywall may have already moved some at-risk suppliers,builders and contractors into the surplus lines market, a specialtyinsurance underwriter noted.
"We believe that the litigation explosion surrounding Chinesedrywall issues is only at its beginning–not nearly at its peak,"said Robert Horst, a founding partner of Nelson Levine deLuca &Horst, a Blue Bell, Pa.-based law firm that represents insurers,kicking off a recent webinar on the coverage implications of thisemerging exposure.
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