Commercial Lines

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

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.

Weather losses continue to be a factor in companies second-quarter results, but the ultimate impact on net income varies depending on the size of the company and the lines written.

Residents from Miami to the southern coast of North Carolina are being told to begin preparations for Hurricane Irenethe first Atlantic hurricane of the season.

Residents from Miami to the southern coast of North Carolina are being told to begin preparations for Hurricane Irenethe first Atlantic hurricane of the season.

Moodys says second-quarter catastrophes took a toll on property and casualty insurers earnings, but there are no signs that price competition on the commercial side will let up anytime soon.