Hospitality Industry Struggles to Find Mold Coverage
Placing You First Insurance Podcast by CRC Group
English - March 24, 2021 19:00 - 17 minutes - 24.1 MB - ★★★★★ - 27 ratingsInvesting Business Technology insurance wholesale specialty business excess & surplus agency broker Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mold has been a part of our environment for millions of years, and there are more than 100,000 mold species naturally occurring on Earth. While mold spores are tiny in size, they can mean big trouble for hotels and resorts. Mold has consistently been a loss leader for the hospitality industry insurers, but its impact has expanded over the last few years, with primary claim drivers including undetected HVAC or plumbing system issues, construction defects, and catastrophic hurricane and flooding activity that create an ideal environment for mold growth.
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