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.
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A Chinese drywall supplier's insurers have agreed to pay up to $8 million to settle court claims against the company over damage to homes from the corrosive product, according to a proposed settlement filed Tuesday.
More than 100 homeowners in Louisiana affected by Chinese drywall manufactured by Knauf Plasterboard Tianjin will soon see some relief as part of a court-approved remediation program.
A number of deaths that occurred in Louisiana, Florida and Virginia were not likely due to the presence of Chinese drywall in homes, according to a Centers for Disease Control and Prevention (CDC) review.
A number of deaths that occurred in Louisiana, Florida and Virginia were not likely due to the presence of Chinese drywall in homes, according to a Centers for Disease Control and Prevention review.
Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.
Insurance policies do not cover losses due to the destructive properties of Chinese drywall because of two policy exclusions, a federal court has ruled.