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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.

A trust formed to handle Chinese drywall damage claims for over 700 homeowners has filed a federal lawsuit against 14 insurers, seeking indemnification for their losses.

A lawsuit has been filed against 14 insurers that seeks indemnification for losses and breach of contract arising from claims for the development and sale of homes allegedly containing defective Chinese manufactured drywall.

A recent government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their residents.

Amid the rebuilding efforts after the 2004-2005 hurricane seasons, and in the midst of a housing boom, domestic drywall was in short supply. Imports from China filled the gap, and that decision has apparently created more problems than it solved.

The Chinese drywall saga continues as homeowner complaints, governmental studies, and court cases multiply. To date, over 2,000 consumers have contacted the U.S. Consumer Product Safety Commission (CPSC) to report problems in their homes.

The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their residents.

A bill introduced in the U.S. House of Representatives would prohibit carriers from canceling or non-renewing homeowners insurance policies with houses containing Chinese drywall.