Italys northern Emilia Romagna region was hit by the second powerful earthquake in just over a week on Tuesday afternoon local time, as a 5.8 magnitude temblor caused 10 fatalities and damaged structures and historical landmarks.

In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of May 21, 2012.

The second tropical storm of the yet-to-officially-commence Atlantic hurricane season put a damper on holiday plans in Florida this weekend.

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.