# Texas Mold Claims Ride Higher 

_News_

Canonical: https://www.claimspages.com/news/i829/

A Texas insurance agents group examining insurers‘ losses from homeowners‘ mold damage claims said the hits just keep coming. 

The Austin-based Independent Insurance Agents of Texas reported its findings after analyzing the latest Texas Department of Insurance data.

IIAT found that the price tag for the mold crisis is growing, as indicated in the department‘s latest available monthly report on water-related losses paid under homeowners policies. The figure reached $138 million in December 2001, the IIAT said.

The department‘s report, which contains raw figures, also showed that, for the year 2001, paid losses for water-related claims--excluding freeze and foundation slab claims--totaled $1 billion, twice as much as the 2000 total and three times the 1999 total, the IIAT said.

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=4_24_02_15_4906.xml)