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Insurance Practice: Reed Smith

Law360 (February 9, 2009, 12:00 AM EST) -- Litigation against financial institutions and investment advisers will likely increase as investors look to recoup their losses in the down economy, raising many questions about how and whether current insurance policies can cover such claims, according to Douglas Cameron, head of Reed Smith LLP’s Insurance Recovery Group.

Cameron expects insurance policy issues involving directors’ and officers’ liability as well as errors and omissions to take center stage once liability issues involving financial institutions and investors are resolved.

“The credit crisis will be a big driver of...
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