Posted on January 31, 2008 by Alan Rutkin

Subprime Claims Now Projected to Cost $9 Billion

$9 Billion.  That is the new Bear, Stearns estimate of directors and officers losses arising from the subprime crisis.  Bear, Stearns was tripling their estimate from this past September.  Can there be any doubt that subprimes are the next huge issue for insurers?

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