April 27, 2009
Allstate, the second biggest home insurer, added language to clarify that it doesn’t cover “mold, fungus, wet rot, dry rot, or bacteria” unless the problems originate from events already covered by the policy. And even when it is covered, the costs are limited to $5,000 – a lot less than Melinda Ballard’s $32 million settlement. Safeco Corp put a $10,000 cap on their mold coverage.
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April 15, 2009
17 companies were included in the suit, but Crenshaw Lumber Co. Inc. took the brunt of it, paying 13 of the $22.6 million. Crenshaw supplied the wood to build the Gorman’s 1999 home. The wood used to build the house frame was improperly stored and mold was growing on framing studs by the time it was used for construction. However, as part of the settlement, Crenshaw admits to no wrongdoing.
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