Austin, TX – Don’t be fooled: mold is gold for insurers. The sudden rise in the number of mold claims filed with insurers between 1999 and 2001 has now dropped off sharply. In its wake, insurers successfully threatened to pull out of certain states and lobbied state officials to reduce coverage and/or cap repairs while […]
Pecan Valley, TX – Susan Leach walked through Ellen Vest’s ruined Shady Shores home Wednesday, wagging her head at how fast mold had bloomed green on Vest’s furniture. “We’ve seen it in every house,” Leach said. Leach is a new volunteer with the Pecan Valley chapter of the American Red Cross. For the past nearly […]
7/28/02 Austin, TX – Five of the state’s biggest insurance companies are joining forces to lobby the Legislature. Some lawmakers already are calling for more regulation to address skyrocketing premiums and shrinking coverage for homeowners. Some legislators also want to curb the use of credit scoring, the secret rating systems that many insurers […]
7/19/02 The Texas Department of Insurance has launched an investigation to determine if new homeowner policy restrictions by Farmers Insurance Co. violate state law. At issue is the decision by the second-largest company in Texas to stop selling new policies for homes that have had a water damage claim during the past three years, and […]
7/20/02 Dallas-TX – On the heels of threats from the state, Farmers Insurance Co. backed away Friday from new homeowners policy restrictions tied to water and mold claims. The conciliatory move by the state’s second-largest home insurer came as the state allowed insurance companies to begin selling homeowners insurance policies commonly used in other states, […]
11/13/03 Guest commentary by Brandon Scott, Newsreal? Austin, TX – In a (in the early days) somewhat high-profile case involving a mold-damaged home, a state appeals court today reduced a jury verdict against Farmers Insurance Group from $32 million to $4 million plus interest and attorneys fees. Many questioned the fact that the “mansion” involved was considered […]
 
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