Fitch: Insurers' Mold Problem Peaking
NU Online News Service, Oct. 15, 10:37 a.m. EST?The number of mold-related damage claims insurers are receiving has probably already peaked or is close to doing so, according to a New York-based rating firm.
Fitch Ratings, which made the finding in a new study, said it believes insurers will largely be able to control loss exposure to mold damage through coverage constraints, exclusions and pricing adjustments.
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