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Article: Mold litigation: The monster in the closet

Article from:
Canadian Underwriter
Article date:
April 1, 2002
Author:
Copyright

The boogey man hidden inside the closet, under the bed or trying to crawl through the window, was once the stuff of childhood nightmares. But now that improbable monster may have taken shape in the form of so-called "toxic" mold. The prevalence of this damaging organism, which attacks buildings and is reported to cause a variety of health-related problems is becoming a very real nightmare for insurers. And, insurers learned at a recent Canadian Litigation Counsel seminar, recent U.S. court judgements show this is a "financial monster" insurers ignore at their own peril.

"Mold is a monster with many tentacles that we just can't sweep under the rug." The emerging issue of black mold, brought ...

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