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COLLATERAL PROTECTION INSURANCE LITIGATION
COLLATERAL PROTECTION INSURANCE LITIGATION
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COLLATERAL PROTECTION INSURANCE LITIGATION
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COLLATERAL PROTECTION INSURANCE LITIGATION
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COLLATERAL PROTECTION INSURANCE LITIGATION
COLLATERAL PROTECTION INSURANCE LITIGATION
Book Chapter

COLLATERAL PROTECTION INSURANCE LITIGATION

2000
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Overview
The banking industry suffered a series of devastating failures in the 1980s. One result of these failures was closer regulatory examination of the solvency of banks and the financial arrangements into which banks entered.³ Banking regulators suggested that one practice of the banking business that contributed to the crises of the 1980s was that some banks undersecured their loans. To head off the potential problems caused by undersecured loans, banking regulators recommended that all borrowers who secured their loans with collateral such as a car or a home carry insurance so that the loan would be safe if the collateral