E&S/Specialty

House and Senate supporters of legislation to modify 2012s NFIP reform law held a meeting Monday to build momentum for prompt action to ease the impact of rate increases on affected homeowners.

Guy Carpenter & Co. has launched an Excess & Surplus Specialty Practice to help insurers in this space deal with competitive pressures and market fluctuations related to the standard market's appetite.

Were a very experienced industry, and there is so much opportunity and need for us to fill the gaps as we move forward to get that next wavethat next generationinvolved in our business, says Next Generation co-chairman Scott Culler. We need to add that talent, now.

Uncertainty in the handling of crop insurance claims will likely be the primary impact of the overnight partial shutdown of the federal government.

E&S firms "have become more highly professional, sophisticated and certainly more diverse than ever before. Insureds and their retail brokers are increasingly looking to the Wholesale community to provide innovative coverage and structure as a way to get to the best possible outcome."

Liberty International Underwriters has launched a new product recall policy for packagers and co-packers, specifically of topical and ingestible products.