NU Online News Service, June 15, 11:27 a.m. EDT
A Florida-based drywall supplier and its insurers have reached a preliminary $55 million settlement with hundreds of Florida homeowners whose homes were damaged by tainted Chinese drywall, according to court documents and a statement.
Miami-based Banner Supply Co.'s insurers—Chartis, FCCI Insurance Co., Hanover American Insurance Co. and Maryland Casualty Co.—will pay the award to affected homeowners.
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