"How Lenders Were Left Unsecured For Mold Related Losses On Commercial Loans and How To Fix The Problem"
By Paul Duggan and David Dybdahl, John Liner Review, Fall 2006
Mold exlusions in commercial property and general liability policies leave a dangerous gap in coverage that only specialty insurance policies can close.
User's Guide to Environmental Insurance (HTML Format) Or Click Here for PDF Format
A number of specialized environmental insurance policies have been developed to address the environmental liability faced by insureds as a result of the pollution exclusion. The article examines pollution insurance policies, environmental regulations, the environmental risk management process and environmental loss exposures.
The Risk Advisor’s Survival Guide to Mold Exclusions and Pollution Exclusions
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Risk advisors have been positioned to be the insurer of last resort for the uninsured environmental and toxic mold claims of their clients. This paper discusses the trends that lead to this conclusion and presents a simple loss prevention protocol that risk advisors can follow to avoid professional errors, acts and omissions claims in this area.
Mold Insurance Resources
Find out how the environmental insurance underwriters are responding to mold. With the ever increasing interest, ERRA has created a mold resources page specifically to meet the needs of the risk management professional. Find articles and resources on mold insurance availability, mold exclusions and the latest legal and regulatory issues.
New Mold and Terrorism Exclusions Create Uninsured Risks for Property Managers, Owners and Lenders
Faced with rapidly increasing and unpredictable claims costs from mold damages, the insurance industry has methodically excluded insurance coverage for mold and domestic terrorism losses on virtually all of the property and general liability insurance policies. Together these exclusions leave a broad cross section of insurance buyers including property managers, property owners and lenders with unprecedented levels of newly uninsured risks. Environmental insurance is a partial solution to these exclusions.
Mold Claims Charts
If you are an insurance agent and want to know how the domino effect of mold claims will affect you...don't miss the analysis in the Mold Claims Chart. For an analysis of the potential parties and potential costs of a mold claim, view the Mold Management Chart.
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