Insurers win Chinese drywall coverage dispute

 Tuesday, December 21, 2010

 Business Insurance

Insurers don’t have to pay a series of Chinese drywall-related homeowners’ claims, a federal judge ruled, hinging his decision on two policy exclusions. On Dec. 16, U.S. District Court Judge Eldon Fallon in New Orleans granted 10 insurers’ motions to dismiss the claims in the case, In re: Chinese Manufactured Drywall Products Liability Litigation, ruling that coverage was barred under faulty materials and corrosion exclusions contained in the policies.
LitigationPropertyLiabilitySubrogation
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