Using E&O Insurance In Foreclosure Litigation

Law360, New York (December 22, 2010, 12:39 PM EST) -- Recently, alleged foreclosure practices ranging from “robo-signing” to the mishandling of loan modifications and foreclosures have garnered intense media attention, as well as sparked state and federal regulatory investigations, and class action and other litigation. In managing this fallout, banks and other financial services companies are expected to incur substantial costs, estimated by some at over a billion dollars. But in the process, affected companies may overlook insurance coverage as a significant means of defraying these costs.

This article analyzes the potential for coverage under companies’...
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