Reinsurance Claims On Horizon Amid Financial Crisis

Law360, New York (January 16, 2009, 12:00 AM EST) -- Litigation costs in cases against corporate officers and other agents are rising in the aftermath of the financial meltdown, and many of those losses will be taken on by corporate liability insurers. But the amount to be shared by reinsurers, the financial backstop of the industry, is still largely an open question, insurance experts say.

As lawsuits continue in relation to the collapse of investment firms such as Lehman Brothers and Bear Stearns & Co., as well as Bernard L. Madoff’s alleged $50 billion Ponzi scheme,...
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