A new report analyzed which states are the riskiest for errors and omissions coverage and consolidated the findings into the Guy Carpenter Subprime E&O Litigation Index. The index considered the foreclosure rate, subprime delinquency rate and number of litigation attorneys per mortgage industry professional by state, among other factors. Among the 10 states that ranked "Very High" on the index, Michigan had the highest foreclosure rate, at 2.2 percent compared to the U.S. average of 1.3 percent.
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