WCI Insurers Being Sued In Lawsuit For Chinese Drywall Coverage

Parkland Real Estate Home Sales Update December 2009
January 5, 2010
We Just Sold 2 Parkland Pine Tree Estates Homes
January 15, 2010

WCI Insurers Being Sued In Lawsuit For Chinese Drywall Coverage

More positive news that action is being taken against insurers to help cover victims of Chinese Dyrwall!  The Sun-Sentinel reports that a trust established by WCI Communities has filed a lawsuit against 14 Louisiana homebuilders’ insurance companies for $200 million dollars for defective wallboard.

This trust was formed after WCI, a Bonita-Springs based company, went bankrupt.  It is expected that 700 homeowners in Parkland and other areas are seeking retribution through this trust.

Lead counsel to the trustee, Robert M. Horkovich, said that it is imperative that the insurance companies cover the claims against WCI, so homeowners effected by Chinese Drywall can remediate their houses and cover their significant losses.

A list of the insurance companies being sued include the following:

  • AIG’s American International Specialty Lines Insurance Company
  • Lexington Insurance Company

Other articles on Chinese Drywall:

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.