Commercial Lines

The 5.8 magnitude Virginia earthquake that shook the East Coast yesterday is expected to produce less than $100 million in insured losses, a catastrophe modeler said.

A 5.9 magnitude earthquake struck central Virginia this afternoon with reports the quake was felt as far north as Canada.

Rating agencies downgraded PMI Mortgage Insurance Co., part of the PMI Group, after the company announced that the Arizona insurance department placed it under regulatory supervision.

U.S. property and casualty loss reserves remain within an adequate range as of year-end 2010, and the potential for large deficiencies emerging in the near-term is limited, according to a Fitch analysis.

U.S. property and casualty loss reserves remain within an adequate range as of year-end 2010, and the potential for large deficiencies emerging in the near-term is limited, according to a Fitch analysis.

Irene has strengthened to a Category 2 hurricane, and is expected to become a major hurricane (Category 3 or above) Wednesday as it moves north of the Dominican Republic and toward the Bahamas.