Johan Conrod on Legally Obligated and Plain Meaning for Remediation Costs in Chinese Drywall Insurance Litigation

From the insurance coverage disputes arising from the Chinese drywall litigation came a ruling by Judge Rebecca Beach Smith of the U.S. District Court in Norfolk, Va. recognizing that remediation costs are not covered absent a legal obligation but, for now, declining to rule on the issue of whether a suit or judgment against the insured is required (Builders Mutual Insurance Co. v. Dragas Management Corp.). During HB Litigation Conferences' recent Chinese Drywall litigation and insurance coverage conference, policyholder attorney R. Johan Conrod Jr. , Kaufman & Canoles of Norfolk, Va., discussed the ruling, "legally obligated to pay as damages,"  the "plain meaning" of insurance contracts and more.  Hear what he had to say.  More info about recordings and upcoming evens on the subject can be found at www.LitigationConferences.com.