For insurance lawyers, disputes between insurers and corporate policyholders in hot water are a growing market -- one that may replace the cooling asbestos practice. Insurance claims are rolling in as companies under scrutiny for backdating allegations spend money hand over fist to clear their names. So far, insurers haven't balked, but some insurance lawyers predict that will change -- especially if corporate policyholders are forced to pay out for some of the multimillion-dollar suits filed against them.
February 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Conniving corporate criminals can be just as toxic as asbestos — for insurance carriers.
And for insurance lawyers, disputes between insurers and corporate policyholders in hot water are a growing market — one that may grow even more with the recent wave of backdating scandals.
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