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Business & Labor
Tenn. One of Top States at Risk for Mold
(southcentral.construction.com,
November 2006 issue)
Climate is not a major contributor to
the risk of having mold present in U.S. residential and commercial
properties, according to a recent report released by the GREENGUARD
Environmental Institute (GEI), a non-profit organization that
works with lenders and property developers on mold risk mitigation
techniques.
The findings, which are based on a relative
hazard ranking model used by GEI and developed by American
Risk Management Resources (ARMR) - an insurance brokerage
and consulting firm specializing in environmental insurance
covering mold - are based on mold losses on insurance claims
with premiums paid on property and liability coverage in each
of the 50 states.
Tennessee has the ninth worst relative
mold loss rate at 1.33. The report identifies Wisconsin as
having the best relative mold loss rate (.06) and Texas as
having the worst (2.95) based on the relative frequency of
insurance claims.
Mention mold right now and the Gulf
Coast comes to mind first, but the contamination on real estate
hit by hurricanes was generally less significant overall than
mold growth caused by inferior building materials or poor
construction," said Carl Smith, CEO/executive director
of GEI in a press release distributed by GEI.
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