Maine News

Business Moves

Liberty Mutual Agency Corp. Boston-based Liberty Mutual Group has announced that its subsidiary, Liberty Mutual Agency Corp. (LMAC) has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of shares of its common …

People

Crump Insurance Services Inc. has invested in new talent for its Atlanta brokerage location. Terry Sherwin has joined Crump as the Atlanta office leader; and property brokers Alex Duran, Jordan Yoss and Carl Feldhaus have joined the Atlanta property team. …

People

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and statistics. Wall is among five new board …

Ratings Recap: Frankenmuth, Oregon Dental, Sooner, Commercial Casualty

A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of Frankenmuth Insurance and its member companies, and has revised its outlook on the rating to stable …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Masiello Opens Seacoast New Hampshire Office

New Hampshire-based Masiello Insurance Agency Inc. has opened a Seacoast office in the Granite State. The Hampton office, which serves both southern Maine and eastern New Hampshire, is operated by Joe Frechette — a former state legislator — and Jamie …

Atlanta CPCU Elects Stevens as President, Installs Other Leaders

The Atlanta chapter of Chartered Property Casualty Underwriters (CPCU) recently installed its new officers and directors for 2010-2011. The officers are: President Robert Stevens, Crawford & Co., assistant vice president of operations; President-Elect Rodney Parker, Catlin; Secretary Sharon Ware, State …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …

MEMIC’s Leonard to Chair of Workers’ Comp Organization

John T. Leonard, president and CEO of Maine-based workers’ comp insurer the MEMIC Group, has been elected chairman of the National Council on Compensation Insurance Inc. (NCCI). NCCI is the a key ratemaking organization in the workers’ compensation insurance industry. …

Man Held in South Carolina over Maine Topless Coffee Shop Fire

A man suspected of burning down a Maine coffee shop that featured topless waitresses has been arrested in South Carolina. Prosecutors say Raymond Bellavance Jr. was arrested Wednesday in a rural part of Spartanburg County. Bellavance is from Augusta, Maine, …