Jenner & Block

Client Advisory: Insurance Coverage for Anticipated Subprime Mortgage-Related Liabilities: Federal Court Decision Demonstrates that Mortgage Industry Coverage Disputes Are Likely to be Subject to Generally Applicable Insurance Coverage Principles and Precedents

In this Client Advisory, Partner Matthew L. Jacobs and Associate Joshua L. Kaul discuss the District of Maryland in Zurich American Insurance Co. v. Fieldstone Mortgage, which establishes that insurance coverage disputes involving mortgage industry policyholders will most likely be governed by the same broad, coverage-enhancing principles established as a result of historical duty to defend disputes arising from asbestos and environmental insurance coverage liabilities.