Legal Payouts Piling up in Chinese Drywall Cases

Post Katrina, the need for quick drywall to fix homes created a demand for drywall from China. Unfortunately this drywall had a compound in it called strontium sulfide which has made people ill. The lawsuits were filed and judgements against contractors and suppliers are mounting. Recently a Florida couple was awarded 2.2 million. There is no remedy for the drywall other than to replace it. The insurance industry has been pretty much unhurt by this so far but are starting to feel the pain of the claims. Though this has been around awhile the story is still developing. I will keep you posted. Until next time be careful out there and know your risks.  K

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