NU Online News Service, Jan. 24, 8:59 a.m. EST

Florida’s last-resort insurance company, the largest writer of property insurance in the state, said it is not canceling homeowners’ insurance coverage solely because its policyholders' residences may have defective Chinese drywall.

In an emailed statement, Citizens Property Insurance Corp. said that it is sticking to a policy adopted in 2009 when the drywall crisis first developed.

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