londay, September 24, 2001
Mold damage claims
ncrease dramatically
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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.
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REER FAIR
TUESDAY
ABB, Inc.
AIM Funds
Bear, Stearns & Co. Inc.
California Highway Patrol
Central Intelligence Agency
Cintas
CMS Energy Panhandle -
Pipe Line Companies
Consolidated Graphics
Deloitte & Touche
Deloitte Consulting
Donovan and Watkins
Dynegy Inc.
Enron Corp.
Equiva Services
Ernst & Young
Federal Reserve Bank
FedEx Services
Ferguson Enterprises, Inc.
Foley's
General Mills, Inc.
Grainger
Grant Thornton LLP
Guaranty Bank
H&R Block Financial Advisors,
Halliburton Company
Harley-Davidson, Inc.
H-E-B Grocery Company
Hewitt Associates
Homecomings Financial,
A GMAC Company
Hope Lumber & Supply Company
KPMG, LLP
Kurt Salmon Associates
Luby's, Inc.
Mervyn's California
Motorola, Inc.
National Instruments
Neiman Marcus
Northwestern Mutual Financial Network
Office Depot
Pannell Kerr Forster of Texas, P.C.
Pappas Restaurants
Peterson Consulting
PricewaterhouseCoopers
Randalls/Tom Thumb Food Markets
Ryan & Company
SBC Communications Inc.
Sears, Roebuck and Company
Shell Oil Company
Southwest Bank of Texas
Sybron Dental Specialties
Tactica Technology Group
Texas Instruments
The Boeing Company
Inc. The Expo Group
TXU
UCS
USAA
VarTec Telecom
Walgreens
Zachry Contruction Company
WEDNESDAY
utionju
be MfEE«|
■ IcQC Ski PacMM]
c. I fit Jon in 1 <1-'V 11 :
IHVIV.. • «fP'
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—^ -TTh-H 7->4 i'ij
SKITHlS
Receptions
7 - 9 pm
24th - Cafe Eccel
25th - George Bush Presidential Libary
26th - Briarcrest Country Club
Alltel
American National
Army & Air Force Exchange Service (AAFES)
Arthur Andersen
Bank One Corporation
Bed Bath & Beyond
Bridgestone/Firestone
Cap Gemini Ernst & Young
Cintas
Compass International, Inc.
Conoco Inc.
Defense Finance and Accounting Service
Dewalt/ Black and Decker
DHL Worldwide Express
Dynegy Inc.
EnForm Technology LLC
Enterprise Rent-A-Car
Equiva Services
Ferguson Enterprises, Inc.
Foley's
Ford Motor Company
GE Capital Services
General Accounting Office
Guaranty Bank
H&R Block Financial Advisors, Inc.
Halliburton Company
H-E-B Grocery Company
Hope Lumber & Supply Company
IBM Corporation
Internal Revenue Service
J.D. Edwards & Company
JC Penney
Kroger Co.
Life Investors
Marathon Oil
Maxim Healthcare Services
McKesson Supply Solutions
McLane Company, Inc.
National Instruments
Northwestern Mutual Financial Network
Office Depot
Pannell Kerr Forster of Texas, P.C.
Pepsi Bottling Group
Randalls/Tom Thumb Food Markets
Reliant Energy
Royce Homes, L.P.
Sears, Roebuck and Company
Sewell Automotive Companies
Sherwin-Williams
Smith & Associates
Texas Comptroller of Public Accounts
Toys R Us
TXU
UCS
United Slates Gypsum Co.
USAA
Walgreens
Wal-mart Stores Inc.
Wells Fargo Financial Acceptance
Zale Corporation
THURSDAY
Amerada Hess Corporation
American Express Financial Advisors, Inc.
Automatic Data Processing (ADP)
BMC Software
BP Corporation
Bureau of the Census
Calpine Energy Services
Citigroup Corporate & Investment Bank
Clarke American Checks
Compaq Computer Corporation
Defense Finance and Accounting Service
Dell Computer Corp.
Duke Energy
E & J Gallo Winery
Easley, Endres, Parkhill & Brackendorff, P.C.
Enterprise Rent-A-Car
First Avantus Securities
General Accounting Office
Harold's Stores, Inc.
IKEA
JPMorgan Chase-Texas
KPMG Consulting
Mann Frankfort Stein & Lipp
McLane Company, Inc.
Medical Contracting Services
NASA Johnson Space Center
Royce Homes, L.P.
Sewell Automotive Companies
Smith & Associates
SourceNet Solutions
Standard & Poor's
Staples
State Farm Insurance
State of California Franchise Tax Board
Target Stores
U.S. DOL/Bureau of Labor Statistics
United States Gypsum Co.
United States Marine Corps
VHA
Wal-mart Stores Inc.
Wave Tec Pools
Wells Fargo Financial
wehner.tamu.edu/bsc