Expert Testimony Is Key In RMBS Liability

Law360, New York (March 4, 2013, 11:19 AM EST) -- In the wake of the worldwide economic debacle attributed, in substantial part, to the rupture of the housing bubble and residential mortgage-backed securities (RMBS) market, insurers and financial institutions continue to lock horns in various disputes over who should be on the hook for billions in losses.

Insurance companies have long had major involvement with the global RMBS market as both investors and insurers. Estimates vary, but industry sources and commentators often cite $500 billion as the amount of RMBS owned by the U.S. insurance industry...
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