Insurer Says Stevedore's Marine Policies Don't Cover Drywall Claims

MOBILE, Ala. - An insurer that sold marine liability policies to a Stevedore company has filed a declaratory judgment action arguing that it has no duty to cover claims that the company stored and sold allegedly defective drywall installed in several Alabama homes. American Home Assurance Co. v. Pensacola Stevedore Co., Inc., No. 10-305 (S.D. Ala.).

American Home Assurance Co. says in a June 16 lawsuit filed in U.S. District Court for the Southern District of Alabama that several exclusions in Commercial Marine Liability and Marine Terminal Operator's Liability [MTOL] policies it sold to Fla.-based Pensacola Stevedore Co. Inc. preclude …