Insurers Shake Some Claims In $5M Chinese Drywall Suit

Law360, New York (August 8, 2011, 5:59 PM EDT) -- A Virginia federal judge handed Hanover Insurance Co. and Citizens Insurance Co. of America partial summary judgment Monday in homebuilder Dragas Management Corp.'s suit seeking payment of a $4.9 million judgment entered against the insurers' client for the installation of defective Chinese drywall.

U.S. District Judge Rebecca Beach Smith found that two of the Citizens commercial general liability policies and all of the Hanover excess umbrella policies the insurers issued to drywall installation company Porter-Blaine Corp. barred recovery for property damage caused by the Chinese drywall...
To view the full article, register now.