Commercial Lines

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.

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.

Mortgage insurer The PMI Group Inc. has fallen below the New York Stock Exchanges listing requirement of $1 per share for 30 days.