Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGOTN, DC-Representing the multi-family housing industry, the National Multi Housing Council and National Apartment Association have submitted testimony to a joint US House of Representatives subcommittee on the need to handle mold in apartment structures more effectively.

A hearing entitled Mold: A Growing Problem addressed a trend among insurance companies refusing to cover mold-related property damages. NMHC and NAA urged Congress to establish scientifically based health standards on the issue with the help of a multi-industry task force.

“Owners of all types of property, ranging from single-family homes to large office parks, schools, and libraries are experiencing unprecedented increases in the premiums for their property and liability insurance policies because insurers are dealing with unprecedented mold claims,” the organizations claimed in the written testimony. “We understand that the insurance industry needs to meet certain financial objectives, but property owners, including cities and towns are increasingly finding themselves disenfranchised by the system.”

NMHC and NAA are not alone in their pursuits. Michigan Rep. John Conyers Jr. recently proposed the Toxic Mold Safety and Protection Act, legislation that would protect consumers from the physical and financial ramifications of toxic-mold exposure.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.