In a recent development regarding the Chinese drywall trials (and the issue as a whole for that matter ) a Chinese manufacturer has settled its first suit – Knauf Plasterboard Tianjin Co. settled just days ago, on Friday. Read the source article, from CBS, here.
While most personal property items that sustain damages contain metals (the metal corrodes from toxic compounds present in the air), clothing is now an item of concern for homeowners seeking remedies for their losses. The reason clothing can be considered a damaged item due to defective drywall, is that the sulfuric odor in some cases can not be removed – the clothing is thus useless.
Senator Julie Quinn of Louisiana proposed a bill that was approved today by the La. Senate Insurance Committee, and will now be sent to the full Senate for consideration. The New York Times reported that the bill “would bar property insurers from canceling, refusing to renew, or increasing premiums or deductibles because of Chinese drywall at a property”.
Chinese drywall – Once all the potentially affected components have been removed and the house has been aired out and cleansed, the property is subject to certification. An engineering company must certify the home is habitable.
A Chinese drywall ruling was made on Thursday, April 8, by U.S. District Judge Eldon E. Fallon in New Orleans, awarding seven Virginia homeowners $2.6 million in damages.
The seven Virginia homeowners were chosen as representatives of homes affected by the toxic Chinese drywall across the country- one Virginia Beach family, two in Newport News, and four in Williamsburg.
Some key bills that will be considered starting Monday include the following Bills that may be of significance to those following the Chinese drywall crisis.
As of late, home insurance companies have been making it a habit to cancel policies on those who have had issues related to Chinese drywall. If not cancel coverage, at the very least they are increasing rates. Under two proposed laws in Louisiana, this would no longer be allowed. The bills come from Rep. Walt [...]
U.S. District Court Judge Eldon Fallon will make a critical decision that will have far reaching impacts upon the homeowners facing defective drywall problems (the number of reported afflicted homeowners is in the thousands).
For those homeowners, attorneys, builders, and others who are following the Chinese drywall trials and their related developments (which are underway in the Eastern District of Louisiana), this week is expected to mark the beginning of a trial where German manufacturer Knauf Plasterboard will participate. According to one source, the trial is expected to take [...]
Hundreds of cases have been consolidated into part of the federal proceedings in New Orleans. An initial trial just wrapped up that involved seven Virginia homeowners. Around the corner, on March 15, a family from Louisiana is scheduled to begin trial against a Chinese owned entity/manufacturer.
