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.

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