Va. High Court Says Pollution Exclusion Bars Drywall Coverage

Law360, New York (November 1, 2012, 6:37 PM EDT) -- The Virginia Supreme Court on Thursday issued a groundbreaking decision finding that insurance coverage of faulty Chinese drywall claims could be denied under a pollution exclusion, establishing a potential hurdle to homeowners nationwide seeking restitution for the defective material.

Answering a question certified by the Fourth Circuit, the Virginia high court ruled that sulfuric gas emitted from faulty Chinese drywall could be considered a pollutant and therefore a pollution exclusion in a TravCo Insurance Co. policy could act, along with several other exclusions, to bar insurance...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.