The American Insurance Association (AIA) testified before the California Assembly Insurance Committee Wednesday during an informational hearing on the rise in water damage claims. AIA called for caution in approaching the problems facing California's commercial insurance market and noted the impact that the rise in mold claims is having on commercial lines.
"The lack of sound scientific standards for mold exposure and remediation is causing significant consequences for both commercial and homeowners insurers operating in California," said Mark Sektnan, AIA assistant vice president, western re...
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