Fifty commercial and residential property carriers filed for exclusions with Florida State regulators to protect themselves against toxic mold problems like those that have embroiled the Texas market. However, according to BestWire, some of them later withdrew their filings in order to work something out with regulators. Carriers have asked the Florida Department of Insurance to specify when they would and would not be required to cover mold claims. Most of the insurers’ exclusions seek to clarify that a basic policy covers mold damage in certain circumstances. Some want to apply financial limits on existing coverage, even when mold is covered.
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