Marsh: Sub-prime mortgage crisis could lead to claims increase
Marsh is warning the European financial services sector, including insurance companies, that they may be exposed to greater Directors’ and Officers’ Liability and Errors and Omissions (E&O) liability claims in the wake of the sub-prime mortgage crisis in the United States.
Higher interest rates and falling property prices have contributed to rising mortgage delinquencies among high-risk, or sub-prime, borrowers in the United States. This, coupled with increased
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