Texas Court Lowers Record Mold Award
By Michael Ha
NU Online News Service, Dec. 23, 3:00 p.m. EST?An appellate court has reduced a monetary award in the seminal mold-related insurance claim case in the country–the $32 million jury verdict in May 2001 to Melinda Ballard of Texas against Los Angeles-based Farmers Insurance Group that sent shock waves throughout the insurance industry.
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