Insurers paid approximately $200 million toward mold and moisture-related defect claims in 2000. That amount increased to $1 billion in 2001 and $3 billion in 2003. During this time, premiums increased more than 50%, forcing one-third of all contractors to abandon work in markets where they could not obtain or afford liability coverage.
|Original language||English (US)|
|State||Published - Jul 2008|
ASJC Scopus subject areas
- Building and Construction
- Mechanical Engineering