Subprime Crisis May Cause D&O Insurance Risks

Law360, New York (August 21, 2007, 12:00 AM EDT) -- The turmoil from the subprime lending crisis may cause an increase in the number of directors and officers liability insurance claims made against European companies by their executives, insurance company Marsh and Mclennan said Monday.

Marsh U.K. said on Monday that the European financial services sector could see an spike in D&O claims, as well as in errors and ommissions liability claims caused by legal problems stemming from the subprime crash.

D&O policies cover the legal costs for directors and officers named as defendants in any...
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