Breaking News

Insurance Commissioner appoints Task Force on mold-related claims

January 15, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
Texas Insurance Commissioner Jose Montemayor appoints a 19-member Advisory Task Force for Mold-Related Claims.

HOUSTON, Texas -- Texas Insurance Commissioner Jose Montemayor recently appointed a 19-member Advisory Task Force for Mold-Related Claims.

Panel members will develop recommendations on how insurers should respond to claims for water and mold damage. Members of the task force represent indoor air quality experts, consumers, bankers, real estate agents, builders, contractors, adjusters and insurers. Some homeowner insurance companies are no longer writing comprehensive homeowners insurance coverage in Texas because of the rising cost of mold-related damages.

In December, the Allstate Corporation (NYSE:ALL) said its Texas homeowners' insurance subsidiary received Texas Department of Insurance approval on endorsements providing broader coverage to the homeowners HO-A insurance policy. This would create a new product option called the "Allstate HO-A-Plus," giving Texas homeowners a viable insurance product with coverage in between the two policy forms previously available in Texas -- the minimal HO-A policy and the more comprehensive HO-B.

Allstate anticipates the HO-A-Plus will cost an average of 20 percent less than the current Allstate HO-B policy available today. It also specifies limits for remediation of mold resulting from a covered water loss at $5,000.

HO-A-Plus will be the primary product offered by Allstate to Texas homeowners customers beginning in 2002. Allstate anticipates offering it to new customers in late January and to current Allstate HO-B customers at renewal beginning in March.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.

THE MAGAZINE

ICS Cleaning Specialist Magazine

cover_image

2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo