Maine News

Iuppa Addresses Future of Regulation at PCI Meeting

Taking up the banner for the current state-based insurance regulatory system in the face of sometimes hostile critics, Maine Superintendent of Insurance Alessandro Iuppa defended the system and approaches taken by the National Association of Insurance Commissioners (NAIC) to expedite …

NIP Responds to Disaster-Stricken Specialty Property Market

In response to the difficult property insurance marketplace brought about by recent natural disasters, NIP Specialty Brokerage has created a specialty property practice that will focus on coastal properties from Maine to Florida, including the Gulf Coast region. “We created …

Weak Competition Drives N.H. to Require Prior OK of Med-Mal Rates

Medical malpractice insurers writing in New Hampshire will be required to get advance approval of any rate changes during the next year following an order by Insurance Commissioner Roger Sevigny. The switch to prior approval from the usual file-and-use rate …

Tetrault Joins NAMIC as Northeast Rep Based in Boston

Paul T. Tetrault will represent the National Association of Mutual Insurance Companies as state affairs manager for the Northeast from a base near Boston. Tetrault, an attorney and former editor of The Standard, an insurance trade wekly, will advocate on …

ProMutual Stays on Course as Medical Liability Market Starts Moving Again

Richard Brewer likens the medical liability business to a barge floating down the Mississippi. “You’re never quite sure what it’s going to look like around the bend,” he explained. As president and chief executive officer of ProMutual Group, a Northeast …

ProMutual Stays on Course as Medical Liability Market Starts Moving Again

Richard Brewer likens the medical liability business to a barge floating down the Mississippi. “You’re never quite sure what it’s going to look like around the bend,” he explained. As president and chief executive officer of ProMutual Group, a Northeast …

Rain-Soaked, Wind-Whipped Northeast Getting Back On Its Feet

Emergency and utility crews across the Northeast worked Sunday to repair the damage caused by several days of rain and floods, but strong winds continued to cause problems. Parts of the Northeast had received more than a foot of rain …

Birkinbine Joins AIA Midwest Office

The American Insurance Association (AIA) announced today that John L. Birkinbine, Jr. has joined AIA’s Midwest regional office as assistant vice president. In his new position, Birkinbine will be responsible for advancing AIA’s state-level legislative and regulatory priorities in the …

R.I. Grants 2.3% Hike in ProSelect’s Rates for Physicians

Medical insurer ProSelect has received approval for an average 2.3 percent increase in physicians’ and surgeons’ medical malpractice insurance rates in Rhode Island. However, the insurer lost its bid for an increase in rates for hospitals. ProSelect had submitted filings …

Deadly Crash Lead to Calls for Conn. Truck Insurance Rule Changes

The dump truck that caused a fiery, chain-reaction crash in Avon, Conn., that killed four people in July was not covered by liability insurance at the time, according to the trucking company’s insurer. Bloomfield-based American Crushing and Recycling suspended its …