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

The insurance industry suffers from an image problem when it comes to recruiting the best and brightest, and Marsh & McLennan Cos. says it is working to galvanize the industry to change that.

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.