Builder Urges Court to Reject Pro Rata Allocation in Drywall Coverage Case
July 20, 2012
NORFOLK, Va. — A builder that sued to recover a $4.9 million arbitration award from a Chinese drywall installer’s insurer has filed a brief in Virginia, arguing that the court should reject any argument that the insurer is responsible for covering only the portion of damages allocated to the time its policies were in effect. Dragas Management Corp. v. The Hanover Insurance Co., et al., No. 10-547 (E.D. Va.).
Dragas Management Corp. says in a June 29 response to a motion in limine filed by The Hanover Insurance Co. that because the insurer has agreed to a continuous trigger period ...