Jenner & Block

Client Advisory: Growing Foreclosures Resulting from Subprime Mortgage Crisis Could Negate Mortgagee Coverage Under Home Fire Insurance Policies Requiring Notice of "Increases in Hazard"

In this Insurance Litigation and Counseling Practice Client Advisory, Partner Matthew L. Jacobs and Associate Daniel I. Weiner discuss the current subprime mortgage crisis and how a home foreclosure can jeopardize a mortgage lender's insurance coverage especially in light of  the recent decision by the Court of Appeals of Tennessee in U.S. Bank N.A. v. Tennessee Farmers Mut. Ins. Co.