Insurers Not Liable For Dragas' Drywall Costs: Court

Law360, New York (March 25, 2010, 1:09 PM EDT) -- A judge has ruled that Dragas Management Corp. may not receive insurance coverage for remediation efforts in dozens of homes it built containing purportedly defective Chinese drywall, dismissing certain claims in one of the first insurance decisions over the drywall issues.

Judge Rebecca Beach Smith issued a ruling on Wednesday in the U.S. District Court for the Eastern District of Virginia dismissing counterclaims lodged by the builder concerning coverage for initiating its own fixes to the homes and an alleged breach of implied covenant of good...
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