First Specialty Says Pending Drywall Settlement Has No Impact on Coverage Questions

PENSACOLA, Fla. - An insurer that filed a Chinese drywall coverage action against a Florida builder has filed objections to a motion to stay the case based on the likelihood that a pending settlement of underlying litigation would render the matter moot. First Specialty Insurance Co. v. Williams-Brown Inc., No. 11-527 (N.D. Fla.).

First Specialty Insurance Corp. filed an opposition to the motion to stay Jan. 26 in U.S. District Court for the Northern District of Florida, arguing that any potential resolution of the underlying claim has no bearing on the open question of its obligation to defend or indemnify …