Chartis, Homebuilder End Chinese Drywall Coverage Row

Law360, New York (September 27, 2011, 1:42 PM EDT) -- Homebuilder Taylor Morrison Inc. and Chartis Specialty Insurance Co. on Monday settled a dispute in Florida over coverage for seven underlying suits that are part of a multidistrict litigation regarding allegedly defective Chinese drywall.

Taylor  Morrison said in a motion for settlement that its claims for indemnity for already-settled property damage claims should be dismissed with prejudice, and its claims for indemnity for bodily injury allegations should be dismissed without prejudice. Each party will bear its own fees and costs, according to the settlement. 

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