Texas mold costs reach $4 billion.(National Report) From: Claims | Date: August 1, 2003 | COPYRIGHT 2003 Insurance Week, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Insurance companies doing business in Texas have paid out just under $4 billion for mold claims in the past. three years, representing a larger monetary loss for insurers than any weather catastrophe that has ever struck the state, according to a recent study by the Insurance Council of Texas.

"Companies price their insurance policies to handle hurricanes, tornados, and hailstorms that frequently strike Texas," said Mark Hanna, public relations manager for the council. ...

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