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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 24, 2001)
londay, September 24, 2001 Mold damage claims ncrease dramatically \L ESTATE que and charming e itive small business east of San Manx est house, bam w tom. Adjacent land 51 2-357-2300/ 738-:* DMMATES ow. shuttle, female- io.. appliances na M/F Roommate N sqft 4bdmV2bth ha S200/mo. I roommate needed l 179-696-1160. e 3bdrm/2bth to*r:. nonsmoker, cable State THE BATTALION Page 9 December Graduates W KW&ui-i r mynl! * 0 The Official Texas A&M Graduation Announcements MSC Box Office M-F llam-8pm 979-845-1234 http://graduation.tamu.edu Payment for priority orders must be received by October 1! ad). This rate applies get an additional 5 led to end to qualifr AUSTIN (AP) — Mold. It's creepy, ugly and aring the heck out some people who find it in idr homes. And it’s proving downright unhealthy for the exas property insurance market. Despite a proposal by state regulators last eek to limit mold damage coverage for homes, no of the state’s largest property insurance roviders. Farmers Insurance Group and State arm Insurance, say they won’t be writing any ew policies in Texas. Together, they hold more han 50 percent of the homeowner’s insurance larket in Texas. Farmers already had stopped writing new poli- ies. State Farm, claiming mounting financial asses because of mold and other claims, nnounced its decision the day state regulators eleased their plan aimed at both preventing big ate hikes and protecting insurers. Texas Insurance Commissioner Jose )oded. 2txlnrtai»n»lontema>or said he was "tenibk disappointed" bins paid tii Janus-. )y State Farm’s decision. "I had hoped for more restraint. There are other ite asap new2tw--. ,p t j ons available to them,” he said. ycifu, W/O. 5335 ♦12 , * t_ * i The companies don t think so. .mate needed Insurers sa\ they're worried about their busi- 75 +i/2biiis Christ-1 less as mold damage claims and lawsuits increase. State Farm Senior Vice President Ron Dodd aid the company has five times as many mold laims this year as it did in 2000. Underwriting losses have hit $504 million this needed ASAP! • ear ar >d the company has incurred SI.77 in piex. sao&mo ai ;iaims losses and expenses for every dollar col- ected in premiums, he said. Much of the loss is elated to mold claims. State Farm said it plans to raise rates for cur- needed ASAP ise. Own bedrar garage, shuttle a lilities. 695-9952. nted. Sterling Unw) ^DEFENSE Call (830)625-75# iRVICES itters) Pet care ii 1 bonded. 979-776-iS rent policy Texas holders by an average of 14.5 percent. The moratorium on new policies announced last week does not affect current poli cyholders. In June, a Travis County District Court jury awarded a Dripping Springs family $32 million after finding that a subsidiary of Farmers Insurance Group mishandled the family’s home owner’s claim for black mold damage. The jury said the insurer committed fraud and failed to adequately and swiftly cover repairs for a u Our costs for mold-related claims are skyrocketing. — Ron Dodd State Farm senior vice president water leak, allowing the toxic mold stachybotrys to overrun the 22-room mansion and damage the family’s health. Farmers has asked Montemayor to let the com pany drop mold coverage from homeowners poli cies in Texas. “Our costs for mold-related claims are sky rocketing,” Dodd said. “To continue would jeop ardize the financial condition” of the company, which has about 1.7 million policies, he said. Still, regulators saw the latest moratorium as unnecessary. “This is an obvious effort to pressure the commissioner,” said Public Insurance Counsel Rod Bordelon, the state consumer advocate for insurance. Attention All New Members of NSCS National Society of Collegiate Scholars Induction Convocation Ceremony Will take place Monday, September 24, 2001 at 6:00 PM In Rudder Auditorium Check in begins at 5:30 PM For more information, contact us at: nscs_tamu@yahoo.com Continued from Page 7 jehind OSU’s line of scrim mage, for a total of 44 yards. Perhaps the most telling sta tistic is in the third-down con- fensive Driving. Lfc a o * * j • H Ticket dismiss#* version category. A&M dio not M-T(6pm-9pm), allow a third-down conversion Fn &Sar- Fn(6pm-4 f lh f irst 33 ; ]6 0 f the game. pm), Sat(8am-2:30p .merica. Wak-rt <) i. Lowest price atac ; Dr., Ste.217. 8#-f . early. (CP-0017) And after that one, it would be more than 20 minutes later, dur ing the Cowboys’ final drive. Want more? OSU, a team that averages 105 yards per game, was held to 64 yards by the Aggies. Likewise, the Cowboy aerial attack earned just 135 yards. Compare that to the 215.5 they averaged in their first two con tests, and you see just how stout the A&M defense was. “I’ve been here a long time and that was one of the best per formances we’ve had,” said sen ior linebacker Christian Rodriguez, who has played in 35 games as an Aggie. “I think this was the beginning of what is going to happen the rest of the season.” Nothing in life is FREE Unless you’re a senior Class of 2002 Don't miss your chance to be in the 2002 Aggieland yearbook. Get your FREE Senior picture taken at A R Photography. No appointment needed. Visit AR Photography at 1410 Texas Ave. South or call 693-8 1 83. Open M-F 9-12, 1 :30-4. K AGGIELAND mn 1979) 845-2682 aggieland. tamu. edu i Test; Hope Prep) ! Station 695-9193,! Abortion Peer ( musava Yoga- All igs- (979)268-3838 RAVEL Insanity! vww r r call 1 -800-327-8' sst prices! All deS lars experience! Wat and Organizations, 9 our Resume! mcun 2002- 4-nigNs ■cm $446- 7-nights 1 extra. 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