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Subprime Meltdown May Trigger D&O Coverage Spats

Law360 (January 13, 2009, 12:00 AM EST) -- High stakes coverage disputes between insurers and policyholders are likely to follow the surge in investor suits spurred by the subprime mortgage market crash, but just how these battles will be waged remains to be seen, insurance lawyers say.

With multimillion-dollar securities class action filings hitting a six-year high in 2008, outpacing 2007 filings by a healthy 37 percent, spats over directors and officers insurance — and just who should foot the bill — are on their way, and they will be hard-fought, experts say....
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