$5M Chinese Drywall Program Approved by Louisiana Recovery Authority
The Louisiana Recovery Authority has given its final approval to creation of a $5 million program to help some homeowners rehabilitate property with Chinese drywall problems.
The program will require legislative and federal approvals before it can begin.
The aid also won’t flow until federal officials devise a national standard for drywall testing and remediation. State officials say they don’t know how long that might take.
As approved Nov. 12, the program would be limited to homeowners with the drywall who received aid through the Road Home program after hurricanes Katrina and Rita. It would use $5 million in federal hurricane recovery aid.
People rebuilding their south Louisiana homes after Katrina claim imported Chinese drywall emits sulfur, methane and other chemical compounds that have ruined homes and appliances and harmed residents’ health.
- Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims
- Zillow Deleting Home Climate Risk Scores Reveals Limits of Flood, Fire Data
- One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk
- Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch