NU Online News Service, March 23, 3:45 p.m. EDT
Insurers' claims and litigation costs stemming from Chinese drywall problems are expected to be significant, property damage up to the $10 billion range by one estimate, a rating firm said.
But the costs will likely be managed within property & casualty insurers' earnings, the report from Moody's Investors Service states, because the drywall appears to have been imported over a limited timeframe, and incident reports have been geographically isolated, concentrated primarily in Florida and Louisiana.
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