The insurance companies appear to be correct. They should not be required to provide warranty service.
On the other hand, any builder who chose to purchase drywall from China should be pushing a shopping cart around containing the remainder of his possessions by this time next month.
My comment from an earlier thread;
“What I want to know, and haven’t been able to find out, is who, here, bought this stuff? What standards did they have? Did they do even minimal testing? Did they do any testing after problems started to surface? Did they keep using it after problems surfaced?
I ain’t gonna just blame the Chinese jerks that made this crap! Somebody here got greedy and careless! Everyone knows that the Chinese will sell anything. I wouldn’t contract with a Chinese company without very strict rules and regulations. And I certainly would test any products I ordered from them.
I think there’s a lot of blame to be spread around with this drywall issue, which I’ve been following for months. If you’re gonna buy Chinese, exercise care!”
I agree. Is the builder still in business? Is he required to buy and maintain insurance which would reimburse the purchasers of his homes?
If this were an American company, the builder AND manufacturer would be on the hook. Because the state and/or federal government allowed these products to be purchased, did not seem to require any testing to determine safety, and KNEW there would be no recourse from China if the products were bad, I say go after the Feds, make these people whole and then let the Feds fight with China.