Insurance disputes continue to mount over who ultimately will pay the cost of any damage or injury from the use of Chinese drywall, according to Tom Hagy, CEO of HB Litigation Conferences. Hagy pointed to the January lawsuit filed in New Orleans by 700 homeowners against 14 insurance companies and last month’s suit in Florida by an affiliate of a major global insurer for a declaration against coverage of claims.
Chairman selected for chinese drywall insurance program
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HomeServices settles commission lawsuits for $250M
HomeServices of America, the last remaining defendant in the landmark Sitzer/Burnett commission case, has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation.