Baxtor is completely right about exercising the real leverage we have. Make China pay damages or else forfeit the income from the US debt instruments they hold. After all, the Chinese government is the de-facto owner of many companies there.
Those who think we should fund this mess with more of our tax money, or litigate the USA-based suppliers & builders fail to see it’s time to go after the responsible source. What good does it do to further damage our own people who were never legally responsible for the manufacturing?
If any action needs to be taken here, it’s to hold China’s feet to the fire. Otherwise, they’ll never stop polluting the USA with their substandard products.
Leave the government out of this. We don’t need government intervention. It is the vendor’s fault, not the US Governments. The Vendors failed to inform consumers of a defectve product just to make a buck. Doesn’t anyone know about the paticulars of product liability?. The courts are the way to go. The Vendors should be held accountable for their actions. Let start there.
B/c most of the builders are out of business. Obama will have to fix this one or Charlie Crist before he runs for Senate. Don’t worry all Floridians will pay for this one.
Probably the builder was an LLC and has since folded up the business, once the project was completed, and moved onto the next LLC and the next development. Ain’t nothing to sue.
Universal of North America’s rates on older homes are not that competitive in South Florida. Make sure the reporter on this article does not confuse it with Universal Property (with the elephant) out of Ft Lauderdale who insures older crappy old homes without wind reports.
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That is why they need a risk manager employed to oversee their risk exposure.
Santos
Baxtor is completely right about exercising the real leverage we have. Make China pay damages or else forfeit the income from the US debt instruments they hold. After all, the Chinese government is the de-facto owner of many companies there.
Those who think we should fund this mess with more of our tax money, or litigate the USA-based suppliers & builders fail to see it’s time to go after the responsible source. What good does it do to further damage our own people who were never legally responsible for the manufacturing?
If any action needs to be taken here, it’s to hold China’s feet to the fire. Otherwise, they’ll never stop polluting the USA with their substandard products.
Leave the government out of this. We don’t need government intervention. It is the vendor’s fault, not the US Governments. The Vendors failed to inform consumers of a defectve product just to make a buck. Doesn’t anyone know about the paticulars of product liability?. The courts are the way to go. The Vendors should be held accountable for their actions. Let start there.
Santos
Why aren’t these homeowners going after the builders and the builders’ insurance carriers?
The builders are going to be the only ones who will cover this in the end. This should teach everyone a valuable lesson about importing everything.
B/c most of the builders are out of business. Obama will have to fix this one or Charlie Crist before he runs for Senate. Don’t worry all Floridians will pay for this one.
Probably the builder was an LLC and has since folded up the business, once the project was completed, and moved onto the next LLC and the next development. Ain’t nothing to sue.
Polution exclusion applies. Harmful gas is considered a polution. Both Bodily Injury and property damage is excluded on a standard CGL.
The only way to handle this is through some sort of super clean up fund through the government and assessed on policies.
Bill, Despite your terrible spelling and atrocious grammar, you’ve raised an excellent idea.
Universal of North America’s rates on older homes are not that competitive in South Florida. Make sure the reporter on this article does not confuse it with Universal Property (with the elephant) out of Ft Lauderdale who insures older crappy old homes without wind reports.