Gov't pool sought for mold claims. (Risk Management).(Brief Article)

From: National Underwriter Property & Casualty-Risk &Benefits Management | Date: August 12, 2002| Author: Brostoff, Steven | Copyright information

The legal climate is responsible for the surge in the frequency and cost of mold claims, an insurance industry representative contends.

But whatever the cause, one consumer representative is pushing for the establishment of a government pool for mold claims to counter the effect of homeowners carriers restricting the coverage in the wake of soaring exposures.

The problem of mold claims in Texas cannot be explained by changes in weather, population growth or ex...