Insurers waiting for a definitive understanding of what kind of hit their directors and officers liability books will take from the subprime fallout will be disappointed to learn that the jury is still out.
In fact, it may be out for a while to come, experts say.
While bankers are still dealing with the fallout of a housing market in decline from decreased lending and foreclosures, the legal world has either been slow to respond, or is having trouble finding the legal basis to sue, attorneys believe.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
