Subprime E&O Risk Varies By State

Illinois, Michigan and Massachusetts are among 11 states with very high risks of professional liability lawsuits arising out of the subprime mortgage crisis, according to a new report.

The report, titled “What’s the State of Your State? E&O Risk Uneven Across The Country,” published by Guy Carpenter, a reinsurance broker and subsidiary of New York-based professional services company Marsh & McLennan, provides a state-by-state overview of the threat of errors and omissions litigation on U.S. real estate professionals.