Seminar Offers Opportunities Available to Explore Environmental Issues

January 22, 2002

Insurance Skills Center has developed a pair of workshops that address the insurance implications of toxic mold claims and Montrose issues to be offered in several California locations.

The four-hour “Mold & Insurance” class examines coverage for such claims under homeowners, commercial property, general liability, and other policies.

The afternoon Environmental Issues Seminar examines the chain of court decisions that have influenced today’s liability and health issues.

Class dates and locations are: Pasadena, Feb. 5; Pleasanton, Feb. 6; Novato,Feb. 7; Sacramento, Feb 8; Woodland Hills, Feb 27; San Jose, Feb 28; and Fresno, Mar. 5.

Both classes are approved for four CE for property/casualty and life licenses. The mold class is also approved for four CEU for real estate agent license renewal.

“One of the hottest issues facing the insurance industry today involves toxic mold claims under both personal and commercial lines policies,” said instructor Marjorie Segale. “Following several recent multi-million dollar judgments, some attorneys are comparing this to asbestos and lead paint claims with regard to the litigation potential. Home and business owners are looking to their insurers and contractors, building material suppliers, plumbers, property managers, real estate agents, and others for remuneration for real or perceived property damage and bodily injury.”

The Mold Seminar examines coverage for such claims under homeowners, commercial property, general liability, and other policies. This seminar examines the exposures and the coverages, or lack thereof, under standard personal and commercial lines insurance policies.

This workshop examines the exposures and the coverages, or lack thereof, under standard personal and commercial lines insurance policies. The workshops will discuss mold issues from the perspective of the agent, company, environmental restoration specialist, real estate agent, and contractor. The seminar will prepare attendees for this new and unique challenge by educating about policy language that can trigger coverage, what agents must advise insurance clients and how they can handle potential claims to avoid errors and/or omissions. The instructor will discuss how to look at insurance coverage to find out what is and is not covered, how carriers can train their claims department to work with agents to forestall water damage claims developing into moldclaims, and use of proper restoration techniques.

Real Estate Agents will learn about disclosure issues when they are assisting clients in selling or buying property, purchase or sales issues for their own personal property, risks with assigning contractors referrals, as well as property management exposures.

The afternoon Environmental Issues: Mold to Montrose Seminar examines the chain of court decisions that have influenced today’s liability and health issues to eliminate or minimize environmental impact liability. The instructor will also examine new hazards such as toxic mold and discuss risk management and insurance solutions needed to address this and other environmental exposures. Court decisions breed exclusions from traditional insurance policies, new environmental hazards compound risk management approaches. This class will look at what an agent or broker can do.

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