Insurers Balk At KB Home's Drywall Claims

Law360, New York (July 14, 2010, 1:35 PM EDT) -- Two insurers have launched a suit insisting they shouldn't have to indemnify or defend KB Home Inc. or its drywall supplier over claims of "unusual" gases emanating from drywall installed in KB Home-constructed Florida homes.

Granite State Insurance Co. and New Hampshire Insurance Co. filed the complaint Monday in the U.S. District Court for the Middle District of Florida, alleging that policies they issued to supplier American Building Materials Inc. barred coverage of defective drywall claims from KB Home.

Company representatives and their attorneys didn't respond...
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