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Banner Supply Agrees to $55 Million Chinese Drywall Settlement

Banner Supply Co., the Miami-based firm that supplied the vast majority of Chinese drywall in Florida, has agreed to pay $55 million to settle claims. To be eligible for the settlement, Florida homeowners must be part of a nationwide lawsuit in Louisiana and have had their tainted drywall supplied by Banner. It’s still unclear whether eligible

Homes damaged

Citizens Property Insurance won’t cover some homes damaged by Chinese drywall

The state’s insurer of last resort says it will not provide coverage for homes with extensive damage caused by tainted drywall from China. Already, Citizens Property Insurance has dropped coverage on two homes that are vacant because of defective drywall, which corrodes metals, produces a foul smell and causes electrical and other problems. Late Wednesday, the company reversed its