Published on Financial Services Law360 and Securities Law360 and Insurance Law360 by Portfolio Media on April 21, 2009
In the wake of the current financial crisis, large multiline insurance companies find themselves defending the Directors and Officers (“D&O”) and Errors and Omissions (“E&O”) policies issued to financial companies and the individual directors and officers.
Investors are also bringing securities class actions and other suits against certain insurance companies, particularly the monoline companies, claiming misrepresentation of purported risk exposure and inadequate internal underwriting and ratings systems for various classes of asset-backed securities....
Insurance Companies On Offense
The articles on our Website include some of the publications and papers authored by our attorneys, both before and after they joined our firm. The content of these articles should not be taken as legal advice.