Mold Proves Yet Another Challenge In Wake Of Hurricanes

Friday, September 30th, 2005 Catastrophe Property

The horrific wake of two hurricanes on the Gulf Coast includes near-universal mold damage, a side effect that, while troublesome to home and business owners, may have its largest consequences on real estate lenders. With insurance coverage for mold damage no longer available, some mortgage lending institutions have reportedly stepped up efforts to avoid future mold risk by including the use of new mold prevention techniques and mold-resistant building materials in their construction lending guidelines.

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http://www.insurancejournal.com/news/national/2005/09/29/60289.htm

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