Gathering Storm By Daniel Walker Guido
Recent court settlements on mold lawsuits.
$32.1 million awarded late last year to a Texas family by an Austin court for a case involving extensive mold damage.
$18.5 million awarded to a California homeowner for mold damages.
$17.4 million awarded in a Florida construction defects mold case for a building that cost $13 million to construct.
$1.5 million awarded to Texas homeowners for mold-related damages.
Big liability: An increasing number of large settlements awarding plaintiffs in mold damage and exposure lawsuits against builders and their insurers illustrates the extent to which people who construct homes run a great financial risk.
Source: Harry Zimmer of Gerling Global Reinsurance Corp., and Mealey's Litigation Reports
BUILDER Magazine, February 2002