Ballard, Farmers Insurance Settle Multi-Million-Dollar Mold Coverage Dispute

AUSTIN, Texas - Melinda Ballard and Farmers Insurance have settled their multi-million-dollar dispute over homeowners coverage of mold claims, the parties confirmed on March 26. Fire Insurance Exchange v. Ballard, No. 03-0312 (Texas Sup. Ct.).

Terms are confidential according to Ballard and counsel. 'The parties managed to get together and resolve all of the issues,' said Ballard's attorney, Douglas Alexander of Austin. Farmer's counsel, Joseph Knight of Baker & Botts, offered a similar statement.

News of the settlement leaked out on when the Texas Supreme Court ended the appeal on March 26 and sent the case back to trial court …