NU Online News Service, Nov. 18, 3:49 p.m. EST
A bill introduced in the U.S. House of Representatives would prohibit insurers from canceling or non-renewing homeowners insurance policies with houses containing Chinese drywall.
The measure, titled the "Drywall Victims Insurance Protection Act" and introduced by Rep. Charlie Melancon, D-La., deals with drywall having a "covered characteristic," meaning it was imported from or originated in China from 2004-2007 and contains elevated strontium or sulphur levels.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.