E&S/Specialty

While U.S.property and casualty insurer employment has been on a general downward trend since mid-2008, the sector has not shed jobs since January 2012, and has added jobs in both March and April, according to an Insurance Information Institute analysis of the industrys April employment figures.

A federal judge ruled that Federal Insurance Co. will have to cover defense costs of Gerald A. Sandusky, the former Penn State assistant coach accused of molesting children, under a professional-liability policy.

New York City could soon be home to the worlds longest aquariumhoused in its subway system.

Geographic diversity is not a hedge against loss, a Chartis executive saysa lesson amplified for the industry after it suffered more than $100 billion in losses from 2011 events.

A hard market is not far away, and this year the industry is expected to see its strongest growth since 2004, but the good news for insurers is tempered by consistent large underwriting losses, one industry economist says.

A call by Floridas governor to create a federal catastrophe-wind fund probably amounts to nothing more than wishful thinking, as Congress shows no inclination to pass such legislation, a state-association director says.