SUBPRIME LOSSES MAY BE NEXT INSURANCE DISPUTE FRONTIER
Happy Thanksgiving. Just as Thanksgiving is the sign that the winter holidays are upon us, insurance coverage articles are the sign that a new liability issue is upon us. So, it was interesting to see Jerry Oshinsky's article entitled "Insurance Coverage for Subprime Lending Losses, Litigation, and Investigations." Mr. Oshinsky notes that "insurance companies will be reviewing fraud allegations closely." I agree. I suspect that we will not agree as to the extent that such exclusions will apply. I see fraud as a large component of this crisis. Fraud exclusions will often apply to these claims.
