Maine News

National Assoc. of Insurance Commissioners Elects Officers

Members of the National Association of Insurance Commissioners elected regulators from Maine, Alabama, Kansas and New Mexico as the organization’s 2006 officers during the Association’s Winter National Meeting. NAIC members elected Maine Insurance Superintendent Alessandro Iuppa, current NAIC President-Elect, as …

People & Places

Edward Troy GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Brandon Hickey Before joining GAB Robins, Troy served as president of …

Insurance Regulators Approve 2006 Budget at Winter Meeting

The National Association of Insurance Commissioners approved its 2006 operating budget during the Winter National Meeting this week. The NAIC budget was proposed in September and a public hearing was held shortly after that during which industry representatives raised concerns …

Business Moves

TD Banknorth, Boothby & Bartlett TD Banknorth Inc. is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition is scheduled to close in December. The insurance firm …

People

GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Before joining GAB Robins, Troy served as president of ESIS, a risk management …

Health Insurers Appeal Maine Universal Health Plan Funding

A health insurance industry group this week appealed a state regulatory decision that provides a critical source of funding for Maine’s Dirigo universal health insurance program. The Maine Association of Health Plans is challenging state Insurance Superintendent Alessandro Iuppa’s ruling …

TD Banknorth Buying Central Maine’s Boothby & Barlett Insurance Agency

TD Banknorth Inc. announced is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition is scheduled to close in December. The insurance firm will become part of …

Injured Maine Engineer’s $5M Jury Award Reduced to $3.25M

A federal jury has awarded a former marine engineer from Waterville, Maine whose fall on the job left him a paraplegic more than $5 million, but then reduced the award after determining his negligence was a factor in the accident. …

Maine Business Owner Gets Jail for Falsifying Fire Extinguisher Tests

The owner of a fire equipment company in Buxton, Maine has been sentenced in U.S. District Court to two months imprisonment for his role in falsifying fire extinguisher tests. Dale Nason, 49, who pleaded guilty last summer to 18 violations …

R.I. Researchers to Create Tsunami Hazard Maps for East Coast

Two University of Rhode Island researchers have been awarded an $86,000 grant from FM Global, one of the world’s largest commercial property insurers, to create maps of the East Coast of the U.S. that will identify potential flooding and damage …