While directors and officers losses resulting from recent market events are garnering significant attention, errors and omissions liability seems to be falling below the radar screen.
As new cases of alleged securities fraud grow, so do potential E&O losses. So unless insurers want to awaken to a nightmare in three-to-five years, they must begin to address this "sleeper" issue.
Potential losses from E&O litigation may not be as high as those of D&O cases, but the road to the eventual settlements will be tedious, distracting and, ultimately, expensive.
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