[Restorer]

Curious to know if homeowner's premiums around the country have gone significantly up w/in the last year. Talking to my Mom in California, hers nearly tripled, and she's been claimfree. She was told that her company has been getting a lot of claims for mold damage.

Last year, the insurance industry as a whole spent 1.2 billion on mold claims. State Farm alone lost $4 billion in the same period.

Increasing rates and losses by insurers have little to do with mold. Mostly it's because they've lost their shirts in the stock market, like everybody else.

But mold makes a great excuse to raise rates and demand exclusions from the state insurance departments.

BTW, I don't remember seeing premium rates going down when they were making a killing in the market during the 90s.

[kstewskis]

Last year, the insurance industry as a whole spent 1.2 billion on mold claims. State Farm alone lost $4 billion in the same period.

That explains it. She is w/ State Farm.

But mold makes a great excuse to raise rates and demand exclusions from the state insurance departments.

Thought so. Hold on to our pocketbooks. Thanks for the info :)