A trust formed to handle Chinese drywall damage claims for over 700 homeowners involving a bankrupt homebuilder has filed a federal lawsuit naming 14 insurers, seeking indemnification for their losses.
WCI Communities Inc., its subsidiaries and subcontractors purchased insurance policies with aggregate limits of over $200 million during the policy periods triggered by Chinese drywall claims, which began in 2006, according to the New York-based law firm of Anderson Kill & Olick, P.C.
An Anderson Kill attorney, Robert M. Horkovich, represents the plaintiff–Robert C. Pate, a trustee of the WCI Chinese Drywall Trust.
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