Subprime Fallout Shocks Global Liability Markets

Jones, Marc
May 2008
Best's Review;May2008, Vol. 109 Issue 1, p14
Trade Publication
The article reports on the ongoing subprime mortgage crisis in the U.S. The author stated that the crisis has shocked professional liability markets worldwide as the pain and subsequent investigations into corporate responsibility spread. He added that the errors and omissions insurance markets are also being hit and may double the initial bill to $8 billion as stated by Greg Flood, president of Ironshore Insurance's professional liability facility IronPro.


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