No seriously, Arnold signed legislation...
Assembly Bill 2738 will reduce the defense costs of lawsuits filed against trade contractors in construction defect claims. It also will ensure that builder-controlled insurance policies are fair and equitable and include adequate limits to protect trade contractors and consumers in construction defect situations.
"Through the leadership of Assemblymember Jones, trade contractors, home builders and insurance brokers worked out a compromise that will allow the parties involved in a construction defect lawsuit to quickly and efficiently manage and resolve the alleged defective claims," added Diede. "And, best of all, California consumers positively will benefit from this legislation."
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