Donelon to discuss Chinese drywall-related insurance issues
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Insurance Commissioner Jim Donelon will hold a press conference at 11 a.m. Monday to discuss the insurance coverage issues consumers have encountered when their homes have defective drywall imported from China.
Some insurance companies have cancelled coverage because homeowners can't live in the houses until the drywall is removed. Homeowners policies typically require the owner to live in the house.
U.S. Rep. Charlie Melancon, D-La., has offered a bill to stop insurers from dropping coverage for people whose homes have the defective drywall but industry experts say the bill would have little effect because insurance is regulated at the state level.
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