[isthisnickcool]

The insurers in Texas are getting bashed pretty bad by "mold" claims. Hey, it's covered. But, the premiums, like all premiums have been calculated from past claims experience. There have been very few mold claims in the past. Also, the trials lawyers are all over this and some of the litigation and awards they have won have caught the insurance industry by surprise or flat footed. The bottom line? When losses spike so do premiums.

As far as CLUE, it is provided by a company called Choicpoint (CPS-NYSE) has been around for many years and another organization called the Insurance Office of New York (ISO) has a similiar database called A+Plus.

Expect premiums to jump an average of 14% across the board countrywide for most lines of insurance this coming year. If another 9/11 type event happens the US insurance industry will be in a very fragile condition.

You can learn a lot by just calling your agent:)

[Winston Smith]

Insurance companies when confronted with financial disclosure react the same as Vampires to sunlight!!

[joathome]

"The insurers in Texas are getting bashed pretty bad by "mold" claims"

Yep! We sustained hail damage to our roof a while back, and filed a claim against our insurance company. Of course, with all the bogus "hail damage" claims being made by homeowners and unethical roofing companies, our claim was rejected.

We called them out again to see the water damage INSIDE the house. Claim was accepted, and processed pronto. I told hubby they were afraid we were going to sue for mold damage. hehe