Quanta Indemnity Eyes Closing Dates in Drywall Coverage Action

NEW ORLEANS - Quanta Indemnity Co. has filed a declaratory judgment action in Louisiana, asserting that it had no duty to defend or indemnify an insured for Chinese drywall claims by residents who closed on homes after the date that its policies went into effect. Quanta Indemnity Co. v. Southern Homes LLC, et al., No. 10-4215 (E.D. La.).

In a Nov. 4 complaint filed in U.S. District Court for the Eastern District of Louisiana, the insurer also maintains that no fewer than 10 exclusions contained in the policy it issued to Southern Homes LLC operate to bar coverage for the …