In the AGC Constructor January/February 2011 issue, Linda D. Kornfeld and Marla H. Kanemitsu wrote an article entitled, “Will Your Insurance Help? The Coming Wave of Defects Litigation:”
Contractors, subcontractors and other companies involved in the construction boom of the early 2000s may soon find themselves the subject of expensive construction defects litigation. Many states, including California and Florida, have 10- year statutes of limitation for latent construction defects claims—and lawsuits are often filed in the ninth year, just before the statute of limitations expires. This means that in the next five years, the construction industry may be flooded with construction defects suits.
You can download the full article here (PDF).