Attorney: Insurance on Chinese Drywall Homes Axed

By: AP
By: AP

MIAMI (AP) --

An attorney for homeowners who bought properties with tainted Chinese drywall says Florida's public insurance company has again reversed course, saying it will suspend policies for those individuals.

David Durkee says his clients have begun receiving notices
informing them their coverage will be dropped by Citizens Property
Insurance Corp., a state-backed insurer of last resort.

Citizens made the same move in 2009, but then reversed course
after bad publicity over the decision. Calls to the company were
not immediately returned Monday.

Thousands of homeowners nationwide bought houses built with the
defective drywall.


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