Aspen Claims Service

Chinese Drywall Supplier Told to Release Insurance Details

 Wednesday, July 27, 2011

 Insurance Journal

A South Florida judge has ruled that a Miami-based supplier of tainted Chinese drywall must disclose more details about a proposed $55 million class-action settlement. A Broward County judge ruled that Banner Supply Co. must release more information about its insurance coverage and assets. It must also disclose the number of victims and how the money will be split. A federal judge in New Orleans gave preliminary approval of the class-action settlement earlier this month.
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