Property-casualty insurers have sustained relatively little damage despite a U.S. subprime mortgage market implosion that has wiped $173.2 billion off company balance sheets around the world, and insurance data firm said.

But Advisen, the latest firm to find insurers relatively immune from the subprime situation, did note the filing of securities class action suits and other types of suits that “may be covered by directors and officers liability (D&O) insurance policies and various types of errors and omissions (E&O) insurance policies.”

To date there have been 138 class actions, Advisen said. Among the lawsuits underway, Advisen said they include actions that have developed over insurance coverage disputes, underwriting malpractice, fraudulent trade practices, breach of contract, securities fraud and derivative shareholder actions.

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