Monday, Aug 20, 2007
This is a big deal," said James Wood, co-chair of the insurance practice at LeBoeuf, Lamb, Greene & MacRae in San Francisco. "We expect this to grow in terms of litigation."
Reuters: Subprime crisis heightens insurance claims: Marsh
NEW YORK, Aug 20 (Reuters) - Marsh Inc. the world's largest insurance broker and risk adviser, on Monday warned financial institutions they may face more claims as a result of the subprime mortgage crisis.
Marsh, a unit of Marsh & McLennan Companies (MMC.N: Quote, Profile, Research), said in a statement that insurers, banks and rating agencies could face greater liability claims under directors and officers (D&O) and errors and omissions (E&O) policies
Posted by chris :-)) @ 10:15 PM (192 views) Add Comment
1 Comment
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1. Orwell said...
And over here soon. Poor advice ...