NU Online News Service, May 29, 11:23 a.m. EDT
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.
Some brokers are saying there are indications that insurers are becoming more cautious about IPOs, especially for technology companies involved in the social-media platform where traditional revenues from products sold don't exist.
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