Mold claims jumped for $9.1 million in first quarter 2000 to $79.5 million in first quarter 2001. Turmoil over insurance for mold damage is…

Mold Trends

Mold claims jumped for $9.1 million in first quarter 2000 to $79.5 million in first quarter 2001

Turmoil over insurance for mold damage is stalling loan transactions, putting the state’s home-mortgage industry in a ‘critical situation.’

Insurance companies excluding mold coverage, limiting liability, and refusing to write policies based on previous water damage in the home.

Mold becoming toxic problem for lenders – Bizjournals.com

Federal Legislation – Click on this link for more information on the Moulton Toxic Mold Protection Act for America.

EPA has published guidelines for mold remediation.

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