Maine News

S&P Says Katrina Won’t Hit Cat Bonds

Although they are still relatively rare, compared to the number of commercial property policies in force, a number of cat bonds covering specific property risks were briefly threatened by Hurricane Katrina. However, according to a statement from Standard & Poor’s, …

AutoOne Names DiFrancesco Chief Operating Officer

AutoOne Insurance, a division of OneBeacon Insurance Group, has named Paul DiFrancesco to the new position of chief operating officer. He will reporting to AutoOne President and CEO Carey Benson. DiFrancesco has 26 years of experience in the insurance industry. …

E&O Liability Product

Nuts & Bolts: Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy and other personal …

New Markets

E&O Liability Product Nuts & Bolts: Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy …

Homeowners Insurance Agent Directory

InsureMyHouse.com, an informational Web site about homeowners insurance, recently started an online directory of homeowners insurance agents. The directory started in Pennsylvania and is now open to all 50 states. It’s working with several insurance advisors to gather relevant information …

ProMutual Expands Program to Prevent Shoulder Related Birth Injuries

ProMutual Group, the laregst writer of medical malpractice insurance in the Northeast, is expanding its successful patient safety program aimed at reducing the incidence of shoulder dystocia. Shoulder dystocia is a birth complication in which a baby’s shoulder is blocked …

Trusted Choice Campaign Hits the Airwaves Again

Trusted Choice, the consumer marketing brand for the Independent Insurance Agents & Brokers of America, will again air television ads for a two week run next month, touting the benefits of using the association’s participating agencies and their branch locations. …

Thousands of Me. Drivers’ Licenses Suspended Mutliple Times

Nearly 7 percent of Maine drivers have had their licenses suspended five or more times, and more than 23,000 have had their licenses suspended at least 10 times, according to state estimates. There are about 984,000 people with Maine licenses, …

Minn. Commissioner Brener Named NAGLO President

Minnesota Department of Labor and Industry Commissioner Scott Brener has been elected president of the National Association of Government Labor Officials (NAGLO) during its 2005 summer conference in Maine. NAGLO is a bipartisan association of the country’s labor commissioners, directors …

Insurance Company of the West Unveils Stand-Alone Terrorism Coverage

Insurance Company of the West has announced it will offer admitted stand-alone property terrorism coverage for most states around the country. Additional states, including New York, New Jersey, Vermont, Connecticut, Deleware, Maine, Massachusetts, New Hampshire and the District of Columbia …