E&S/Specialty

It has been almost two weeks since Facebook faltered out of the gate in its initial public offering, and while lawsuits filed claiming improprieties may take a while to pan out, insurers are indicating to brokers that coverage changes may be coming.

Two prognosticators of the 2012 Atlantic-hurricane season are standing pat on their previously-released outlooks but the U.S. is overdue for a landfall.

Hurricane Bud lost some strength as it moved closer toMexico's Pacific coast on Friday and was forecast to hit land south of the popular tourist town of Puerto Vallarta, the U.S. National Hurricane Center said.

The Non-Admitted Insurance Multi-State Agreement has adopted the revenue-sharing agreement of a rival compact in an apparent effort to jumpstart creation of a uniform system to implement a premium-tax-sharing component of the federal surplus-lines reform law.

Industry officials believe the House will accept the 60-day National Flood Insurance Program extension the Senate passed yesterday, but an ultimatum in that bill could give the House pause.

With 2012s first quarter in the books, executives and industry observers have noted that property and casualty pricing remains on the upswing. Following are observations from industry leaders made during conference calls and in recent analyses in response to 2012 first-quarter results.