Part 1 of 2: Toxic in Texas-The Current Status of Mold Claims in Texas

photo-4icLendicitigation and claims handling of mold and sick building claims have recently become a hot issue in the insurance and litigation arenas. Within the last 12 months, the insurance industry (and consequently consumers) have experienced an insurance crisis in Texas due to mold claims. The three major homeowner's insurers in Texas (State Farm Insurance, Farmers Insurance Group and Allstate Insurance Co.) ceased selling any new Homeowners Form-B policies. Most homeowner's insurance policies sold in Texas are Form-B since it provides the most comprehensive coverages available for water damage claims. Ninety-six percent of Texans currently have their homes insured …