Although analysts' estimates of directors and officers liability insurance losses related to the subprime crisis reach as high as $9 billion, insurers may look to standard D&O policy exclusions to
o According an earlier Reuters story on March 20, 2008, the FBI had assigned 100 agents to investigate corporate fraud in the housing crisis, including subprime lending, 150 agents to investigate
Although the wording of the dishonesty exclusion will vary from one policy to the next, it typically will bar coverage for claims arising out of dishonest, fraudulent or criminal acts, errors or
Subprime mortgages are loans to high-risk borrowers at higher interest rates than normal. Many of the rates on these mortgages were adjustable, with initially low teaser rates that adjusted upward at
Although analysts' estimates of directors and officers liability insurance losses related to the subprime crisis reach as high as $9 billion, insurers may look to standard D&O policy exclusions to