Maine News

Citizens/Hanover Touts Multi-Variate ‘Connections Auto’ as Winner

The Citizens and Hanover Insurance Companies’ new Connections Auto, a state-of the-art, multi- variate auto product with greater customer segmentation capabilities, is off to a strong start in its initial launch states. Connections Auto provides Citizens and Hanover’s independent agent …

TD Banknorth Continues Expansion with Purchase of Hudson United

TD Banknorth Inc. (NYSE: BNK) and Hudson United Bancorp (NYSE: HU) announced Tuesday that they have signed a definitive agreement for TD Banknorth to acquire Hudson United for approximately $1.9 billion in cash and TD Banknorth stock. “This acquisition is …

Security Breach Laws Should Concern Insurers, NAMIC Says

Differences in the 19 security breach notification laws enacted so far this year should be of concern to insurers conducting business in multiple states, according to an analysis by the National Association of Mutual Insurance Companies (NAMIC). The latest NAMIC …

PRE-TRIAL MED-MAL SCREENING APPROVED:

New Hampshire lawmakers have approved pretrial screening panels in medical malpractice lawsuits in hopes of controlling rising insurance costs for doctors. The screening panel adopted by the House and by the Senate is modeled on one used in Maine. Doctors …

WORKERS’ COMP REFUNDS EXPECTED:

The New Hampshire Insurance Department reported that a number of businesses should be getting workers’ compensation insurance refunds beginning next month. The workers compensation rating organization, the National Council on Compensation Insurance, is recalculating the rates because of errors in …

FIXED CODES LEAD TO COMP SAVINGS:

Maine Superinten-dent of Insurance Alessandro A. Iuppa announced that hundreds of Maine employers may see reductions in their 2003, 2004 or 2005 workers’ compensation insurance premiums as a result of adjustments to the data used by rating organization, the National …

Nationwide’s Allied Insurance Looking for Agents in South and East

The independent agency arm of giant Nationwide Insurance is expanding and looking for agents in the East and South. Allied Insurance now has more than 4,500 independent agency locations in the West and Midwest. It began writing personal and small …

Romney Auto Reforms Hit Roadblocks from Mass. Agents and Court

When the chief executive officer of the Independent Insurance Agents and Brokers of America spoke before the Virginia Big “I” recently, he snuck in several digs at liberal-leaning Massachusetts, at one point expressing disapproval of a state where government sets …

News Briefs

MASSACHUSETTS Romney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care proposal. The Safety Net plan is …

Romney Auto Reforms Hit Roadblocks from Mass. Agents and Court

Mass. Agents Oppose Competitive Rating; Court Blocks Residual Market Reform When the chief executive officer of the Independent Insurance Agents and Brokers of America spoke before the Virginia Big “I” recently, he snuck in several digs at liberal-leaning Massachusetts, at …