Settlement for $80 million more for drywall victims
Lawyers representing thousands of victims of Chinese drywall have reached an $80 million settlement with insurance companies representing many of the builders and installers of the material.
That money will feed into a settlement announced in December that involves Knauf Plasterboard Tianjin Co., a German maker of defective Chinese drywall that could, by some reckonings, make $1 billion in repairs. The settlement called for Knauf to create an uncapped fund to repair 4,500 properties, mainly in Florida.
The latest settlement includes more than 600 defendants, including 80 insurers. The agreement covers as many as 8,000 homeowners, more of them Florida residents than any other state.
Read the full article here: http://www.heraldtribune.com/article/20120606/ARTICLE/120609750?p=1&tc=pg
Mark Cramer
Mark Cramer Inspection Services, Inc.
492 20th Ave.
Indian Rocks Beach, FL 33785
727-595-4211
http://www.BestTampaInspector.com
Advice for consumers on choosing a home inspector in Tampa, St. Petersburg or Cleawater
Posted via email from Clearwater St. Petersburg Tampa Home Inspection News
No comments:
Post a Comment