Maine News

Florida Chief McCarty: Facts, Not Fear, Should Guide Insurance Debate

Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of national carriers from …

Ryer Named New Hampshire VP for Acadia Insurance

Maine-based Acadia Insurance Co. has named Leonard J. Ryer as its new regional vice president for the insurer’s New Hampshire operations. Ryer will help to develop and monitor the overall underwriting, marketing, loss control and claims strategies for the New …

Study Says Northeast Seeing More, Fiercer Rainstorms

The Northeast is seeing more frequent “extreme precipitation events” in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England. The study does not link last …

Warrant Issued for Arson at Topless Coffee Shop in Maine

Maine fire investigators say a former boyfriend of a waitress at a topless coffee shop is being charged with arson for last year’s fire that destroyed the shop and some adjoining apartments in the small town of Vassalboro. Officials say …

States Take Action Against Health Care Reform

Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …

Northeast Bancorp Gets $16.2M Investment from New Investor Group

The parent company of Maine-based Northeast Bank Insurance Group has raised $16.2 million in new investment it says will be used to expand its insurance, banking and financial services divisions. Northeast Bancorp says the group of investors will also purchase …

Maine Superintendent Kofman Reappointed

Maine Insurance Superintendent Mila Kofman has been reappointed by the state Senate. Kofman has served as superintendent since 2008, and was nominated for reappointment by Gov. John E. Baldacci earlier this month. Prior to her appointment as superintendent, Kofman was …

Halsey Joins TD Insurance in Maine

TD Insurance Inc. in South Portland, Maine, has hired Leah K. Halsey as an account executive in employee benefits. She is responsible for working with employers throughout Northern New England to design, implement and manage their various employee benefit programs, …

Rourke Named Connecticut Manager for Acadia

Maine-based insurer Acadia Insurance Co. has named Christopher Rourke as its new regional vice president-Connecticut branch manager. Rourke will help to develop and monitor the overall underwriting, marketing, loss control and claims strategies for the Connecticut office. He will be …

How States Are Responding to Healthcare Reform Law

Many U.S. states are worried that the healthcare overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced on …