Posts Tagged ‘business’

Fixing the construction problem can eliminate insurance coverage – The Business Journal

The builder, Dragas Management, built 70 houses in the Tidewater area with Chinese drywall. After it received multiple reports of health symptoms and property damages, Dragas filed claims on multiple liability and umbrella insurance policies. It also …

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Banner Supply OKs $55M Chinese drywall settlement – The Business Journal

A home in Lauderhill was one of 300 to be remediated under a pilot program that launched in October 2010. Drywall supplier Banner Supply Co. and its insurers have agreed to pay $54.5 million to settle about 2,000 claims from Florida victims of the Chinese …

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Fowler White loses four to Wilson Elser – The Business Journal

The four specialize in insurance defense, product liability and construction defect law, and have handled defense against Chinese drywall claims. In a phone interview, Janis said Wilson Elser’s national profile was a deciding factor for him. He said the …

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Florida Business, BDI Services, Revolutionizes Home Building Industry & Solves Chinese Drywall Issue – PRLog (free press release)

PRLog (Press Release) – Apr 04, 2011 – Tampa, Florida. BDI Services, Inc., the company who owns the only biochemical treatment scientifically proven to permanently neutralize toxic sulfur in Chinese drywall, announced that their company can not only …

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Insurers’ motions for dismissal in Chinese drywall litigation denied – Business Insurance

NEW ORLEANS—The federal judge presiding over the ongoing multidistrict litigation over allegedly defective Chinese drywall dealt eight insurers a blow Wednesday when he denied their motions for dismissal. Judge Eldon E. Fallon of the U.S. District Court …

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Citizens to drop policyholders with Chinese drywall – Birmingham Business Journal

For the second time, Citizens Property Insurance Corp. is dropping homeowner insurance policyholders if their homes have Chinese drywall, according to Miami attorney David Durkee . The defective, high-sulfur Chinese drywall gives off sulfur fumes that …

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Chinese drywall problem underreported – Birmingham Business Journal

It seems like I’ve been writing about the Chinese drywall fiasco forever, but I actually broke the story in South Florida in January 2009 . Nearly two years later, we’re only starting to see significant court rulings that offer guidance on how the …

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Banner Supply settles Chinese drywall case – Birmingham Business Journal

Melissa Harrell in the bathroom of her home that was built using Chinese drywall. One of the first local settlements in a Chinese drywall lawsuit could be a prelude for many more, attorneys for Miami-based Banner Supply Co. said. Banner has agreed to …

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Knauf settles Chinese drywall class action – Birmingham Business Journal

Knauf Plasterboard Tianjin , one of the biggest makers of defective Chinese drywall, has agreed to fix hundreds of homes in a breakthrough settlement of class action claims. The settlement could be the beginning of the end for the two-year fiasco regarding …

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IRS issues Chinese drywall guidance – Birmingham Business Journal

The Internal Revenue Service has issued guidance for homeowners who want to claim losses as a result of having defective Chinese drywall installed in their homes between 2001 and 2009. The new procedure allows taxpayers to treat damages from corrosive drywall

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