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For insurers facing extraordinary exposure from Hurricanes Katrina and Rita, the bad news continues. Serious mold contamination is now threatening water-damaged homes and commercial properties throughout the region. With losses estimated to rise beyond $90 billion in flooded New Orleans and the Gulf Coast, the more than 15,000 adjusters dispatched aren’t nearly enough to handle the region’s estimated two million claims. Hurricane Wilma and recent flooding in the Northeast are only compounding the problem. Moreover, the hurricanes may just be the start of painful times for insurers and property owners if the disruptive weather patterns predicted for the rest of the century by Purdue University researchers prove correct.

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