Latest Maine Headlines
All the headlines from our Maine Topic Page, ordered by recency.
Maine Auto Coverage Cancellation Law in Effect
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
From Maine to Virginia … What Happened in 2004
Dec 20 2004 // Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to...
NAIC Elects 2005 Officers
Dec 6 2004 // The National Association of Insurance Commissioners (NAIC) elected four officers for 2005 during the NAIC Winter meeting in New Orleans, including a newly created position of president-elect to effectively serve a two-year...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
States Reach $120 Million Claims Agreement with UnumProvident
Dec 6 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
Maine, N.H., Vt. Rules May Spur Attorney Competition
Dec 3 2004 // For Conn. Agents, Concern Over Privacy in Disclosure The ongoing investigation of brokerage commissions and alleged bid-rigging that started in New York is being felt everywhere, nowhere more so than neighboring...
Multi-State, $120M Agreement with UnumProvident Requires Reassessing Claims Back to 1997
Nov 18 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
Maine Preparing Questionnaires for Largest Brokers
Nov 18 2004 // Maine has joined a nationwide investigation into price fixing and other abuses in the insurance industry. Maine Insurance Superintendent Al Iuppa said his department is working with the National Association of Insurance...
Maine’s Northeast Bank Buys Sargent Agency
Oct 28 2004 // Northeast Financial Services, Co., Auburn, Maine, a subsidiary of Northeast Bank, recently agreed to acquire Sargent Insurance Agency of Rangeley, Maine. The expanded insurance agency will be known as Northeast Financial...
MAINE CLARIFIES UIM LANGUAGE:
Oct 25 2004 // The Maine Supreme Judicial Court in a 5-2 vote has ruled that insurers may not restrict their liability under uninsured motorists coverage to less than what Maine law requires. The Sept. 30 ruling in Butterfield v. Norfolk...
Maine Supreme Court Strikes Down Policy Limitation on Uninsured Motorist Coverage
Oct 4 2004 // The Maine Supreme Judicial Court in a 5-2 vote has ruled that insurers may not restrict their liability under uninsured motorists coverage to less than what Maine law requires. The Sept 30 ruling in Butterfield v. Norfok...
Sign-Up for Maine Health Plan, Dirigo, Begins
Oct 4 2004 // Small businesses and self-employed individuals in Maine can begin signing up for the state’s new health insurance program today, Oct. 4, with coverage beginning on Jan. 1. But people who are unemployed or work for a...
Maine Uncovers Bogus Hartford Casualty Operation
Sep 22 2004 // Maine officials have warned consumers and industry professionals about a scam involving an unlicensed company using a name and logo similar to those of The Hartford, the well-known insurer, and one of its duly licensed...
ME. GUN MAKER SETTLES SNIPER SUIT:
Sep 20 2004 // A rifle manufacturer’s decision to pay $550,000 to settle a lawsuit filed by victims and victims’ families in the Washington, D.C.-area sniper shootings is a first, according to a gun control lawyer. Bushmaster...
Koken Named NAIC President; Ario Elected VP
Sep 13 2004 // Members of the National Association of Insurance Commissioners (NAIC) have elected a slate of three new officers in interim elections held during the 2004 NAIC Fall National Meeting. Pennsylvania Insurance Commissioner...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Maine, Anthem Agreement on Dirigo Sets Stage for Universal Health Plan Sales in Oct.
Aug 24 2004 // The state of Maine and Anthem Blue Cross and Blue Shield have negotiated an agreement that will allow the state to begin offering its Dirigo universal health plan to uninsured residents this fall. DirigoChoice could be on...
ICT Symposium Focused on Regulation, State of the Market and More
Aug 23 2004 // Attendees at the 12th Annual Mid-Year Property and Casualty Symposium presented in July by the Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas (AFACT) were treated to a series of...
Maine Supreme Court Rules on Workers’ Comp Board Evidence Admission Standards
Jul 30 2004 // The Maine Workers Compensation Board is not subject to the more strict rules of evidence governing other courts and should be open to evidence from a variety of sources so long as it is sufficiently reliable, the state...
Prime Enters Maine Surplus Lines Market
Jul 16 2004 // The Prime Insurance Syndicate Inc. said that it has received approval to write surplus lines insurance business in the state of Maine effective July 2, 2004. Prime, which offers solutions for hard-to-place risks, will...
