Effects Of Subprime Suits On Coverage Litigation

Law360, New York (September 14, 2009, 11:46 AM EDT) -- Shortly after the first wave of subprime mortgage-related litigation hit the courts, many insurance industry observers speculated that these cases would cost the insurance industry billions of dollars and that, as a result, there would likely be significant litigation concerning whether policies afforded coverage for these claims.

Although it may be too early to assess fully the impact of subprime litigation on the insurance industry, developments during the past several months suggest that the subprime crisis may not give rise to significant coverage litigation.

First, a...
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