Maine News

New Markets

Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique underwriting requirements …

MAINE ADOPTS ID THEFT LAW

Maine Gov. John Baldacci has signed a law that clarifies the process of cleaning up credit reports of people who become identity theft victims. The law takes effect later this year. Rep. Carol Grose’s clarifies that information that goes in …

New Markets

Homeowners – TexasNuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance–Coverage A–allows up to 25 percent additional coverage in …

Maine adopts ID theft law

Maine Gov. John Baldacci has signed a law that clarifies the process of cleaning up credit reports of people who become identity theft victims. The law takes effect later this year. Rep. Carol Grose’s clarifies that information that goes in …

People

Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000 and selected industries. Since the first of …

ProMutual’s A- Rating Reaffirmed

Rating organization A.M. Best has reaffirmed its A- (Excellent) rating of medical malpractice insurer ProMutual Group for 2006. A.M. Best said its rating is based on its independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices …

The Hanover Launches Highly-Segmented Connections Auto in Conn.

The Hanover Insurance Group announced the Connecticut launch of Connections Auto, a state-of-the-art, multi-variate auto product with nearly limitless customer segmentation capabilities. Connections Auto is now available in 10 states: Connecticut, Florida, Illinois, Indiana, Louisiana, Maine, Michigan, New York, Tennessee …

N.H. Employers Receive Refunds on Workers Comp Policies

Insurance companies in New Hampshire have refunded $666,086 on 13,424 workers’ compensation policyholders for policies written in 2003, 2004 and 2005. Insurance Commissioner Roger Sevigny last July ordered insurers to correct for mistakes in employer class codes that were used …

The Hanover Launches Connections Auto in La.

The Hanover Insurance Group, headquartered in Worcester, Mass., announced the Louisiana launch of Connections Auto, which expands the auto product into ten states: Louisiana, Connecticut, Florida, Illinois, Indiana, Maine, Michigan, New York, Tennessee and Virginia. “The initial market response to …

Regulators Launch Consumer Insurance Education Program

The National Association of Insurance Commissioners today launched a comprehensive public education program to assist consumers with information about insurance issues. Under the banner of Insure U, the campaign has two objectives: to help consumers get smart about insurance as …