This article discusses prevailing law on claims against insurance agents and brokers based on the placement of coverage with carriers which are rendered insolvent. In addition, decisions regarding exclusions in errors and omissions policies that apply to such claims is discussed.

The article was written by Lisa L. Shrewsberry, Esq. and Richard J. Rogers, Esq. of the TRAUB EGLIN LIEBERMAN STRAUS LLP law firm, Hawthorne New York.

Litigiousness has become a societal problem in the United States. The tort system cost about $261 billion in 2005 in direct costs, which translates into $880 per person, and many billions of dollars more in indirect costs.

Click the Download link above to read the full article published by the Insurance Information Institute.

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