Back to the Basics

Gambrill, David
May 2008
Canadian Underwriter;May2008, Vol. 75 Issue 5, p5
Trade Publication
The article explores how the subprime mortgage crisis in the U.S. would affect insurers in Canada. It offers an overview of the cause of the subprime mortgage crisis in the U.S. It relates the impact of the subprime mortgage crisis on Directors and Officers Liability (D&O) and Errors and Omissions (E&O) insurance claims. It expects regulators to look for ways to strengthen the securitization process and avoid another subprime crisis.


Related Articles

  • D&O and E&O Liability and Coverage Issues Resulting from Subprime Claims. McCarrick, John F.; Pesso, Maurice // Insurance Advocate;10/20/2008, Vol. 119 Issue 19, p20 

    The article focuses on the impact of subprime claims on directors and officers liability (D&O) and errors and omissions (E&O) policies in the U.S. The authors explain that the financial losses associated with subprime mortgage lending resulted in increased frequency of losses under D&O and E&O....

  • Mortgage-Related Claims Leave Most Players Feeling Insurance Cover Squeeze. Gusman, Phil // National Underwriter / P&C;11/10/2008, Vol. 112 Issue 42, p10 

    The article focuses on the move of insurers writing errors and omission coverage to adapt their strategies in the U.S. According to the article, the move is the result of the continuous fallout from the subprime mortgage crisis. It is stated that the insurers embrace their strategies as claims...

  • D&O and E&O claims from subprime to match scale of Category 5 hurricane losses.  // Canadian Underwriter;May2008, Vol. 75 Issue 5, p8 

    The article reports on the impact of the subprime mortgage crisis on Directors and Officers Liability (D&O) and Errors and Omissions (E&O) insurance claims and litigation. According to Greg Flood, president of IronPro, Ironshore Insurance's professional liability facility, there is an increase...

  • D&O/E&O Subprime Impact On The Rise. Sclafane, Susanne; Ruquet, Mark // National Underwriter / P&C;2/18/2008, Vol. 112 Issue 6, p29 

    The article focuses on the directors & officers (D&O) and errors & omissions (E&O) liability losses for the insurance industry arising from the subprime mortgage crisis in the U.S. According to a survey report conducted by Advisen Ltd., more than 90 percent of the companies in the financial...

  • Subprime: A Coming Flood of Liability Claims. Ackemann, Alyn // Best's Review;Feb2008, Vol. 108 Issue 10, p44 

    The article reports on the impact of massive devaluation of subprime mortgages on the insurance industry in the U.S. It sites that industry observers considered the first signs of a potential litigation surge on several coverage fronts including directors and officers, errors and omissions, and...

  • Impact of subprime crisis becomes evident: Report. Greenwald, Judy // Business Insurance;2/18/2008, Vol. 42 Issue 7, p4 

    The article focuses on the report "The Crisis in the Subprime Mortgage Market and its Impact on D&O and E&O Insurers," released by Advisen Ltd. Directors and officers liability insurers are likely to face as much as $3.6 billion in claims stemming from shareholder lawsuits over writedowns for...

  • E&O rates soften in most of professional liability market. Lenckus, Dave // Business Insurance;1/14/2008, Vol. 42 Issue 2, p14 

    The article reports that rates in the errors and emissions (E&O) liability market are going down. Many professional liability insurance buyers with loss-free accounts saw double-digit rate cuts at January 1, 2008 renewals. According to insurers and brokers, real estate professionals are the most...

  • E&O Should Be On Liability Radar Screen. Yuen, Benny // National Underwriter / P&C;3/16/2009, Vol. 113 Issue 10, p24 

    The article reports on the increasing losses of errors & omissions (E&O) liability insurance. It indicates that the insurance industry is focusing more on the losses of directors & officers (D&O) neglecting the E&O market. Moreover, it cites that the pontential E&O losses reached at $3.9 billion...

  • Sub-prime fallout left egg on my face. Harper, Justin // Mortgage Strategy;8/27/2007, p28 

    The author reflects on his article about U.S. subprime scandal. He admitted that he was wrong and made an error of judgment by listening to one industry pundit over a handful of others. He adds that there is a moral lesson to his experience, that no expert can predict the future with any degree...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics