Defining Insurer Liability Through RMBS Cases

Law360, New York (May 5, 2011, 3:22 PM EDT) -- As federal and state governments continue to debate the propriety of increased banking/financial legislation and regulation, a variety of players, including those from the insurance industry, have voiced concerns about who should ultimately be held responsible for the immense losses suffered by investors.

In the last two months, a series of financial loss cases has been filed or litigated by and against insurance carriers. Some of the cases getting the most attention are mortgage-backed securities cases filed as a result of the market crash. In all...
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