MajescoMastek announces the introduction of its Elixir North America Group Policy Administration System (Elixir Group). Elixir Group provides insurers a technology platform to administer all annuity, health, and life insurance products for true group, list bill, and worksite offerings.

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

In a further sign of support for a compromise proposal to implement the federal surplus-lines reform and modernization law, several appointees to the SLIMPACT governing body have selected Kentucky Commissioner Sharon Clark as interim chair of the SLIMPACT commission.

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.