Mold Insurance Fraud Could Spread Nationwide
Criminal schemes to milk Texas insurers for millions of dollars in phony mold and water damage claims are spreading faster than fungus in a petri dish, and will soon be a multistate problem, investigators and carriers warn.
“We expect this to become a nationwide problem,” said Jerry Johns, president of the Austin-based Southwestern Insurance Information Service, which represents the majority of the states property-casualty insurers.
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