Maine News

Personal Watercraft Program

Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR PWC program is available to all agencies appointed by ACE for recreational …

People & Places

Mike Barron Texas Mutual Insurance Company announced that Mike Barron is the company’s new senior vice president of financial services. Barron is a certified public accountant with over 30 years of experience in finance. Barron has served as vice president …

SAN Group Continues Growth with 13 New Members

The SAN Group, which bills itself as the largest network of independent insurance agencies in the Northeast, continues its rapid growth, having added a total of 13 new independent agency members during the third quarter of 2004 and bringing the …

Maine Supreme Court Strikes Down Policy Limitation on Uninsured Motorist Coverage

The Maine Supreme Judicial Court in a 5-2 vote has ruled that insurers may not restrict their liability under uninsured motorists coverage to less than what Maine law requires. The Sept 30 ruling in Butterfield v. Norfok & Dedham Mutual …

Sign-Up for Maine Health Plan, Dirigo, Begins

Small businesses and self-employed individuals in Maine can begin signing up for the state’s new health insurance program today, Oct. 4, with coverage beginning on Jan. 1. But people who are unemployed or work for a business that doesn’t offer …

N.C. Moves to 8th Lowest Auto Rates in Nation

A report released by the National Association of Insurance Commissioners comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an improvement …

Maine Uncovers Bogus Hartford Casualty Operation

Maine officials have warned consumers and industry professionals about a scam involving an unlicensed company using a name and logo similar to those of The Hartford, the well-known insurer, and one of its duly licensed subsidiaries. Superintendent of Insurance Alessandro …

ME. GUN MAKER SETTLES SNIPER SUIT:

A rifle manufacturer’s decision to pay $550,000 to settle a lawsuit filed by victims and victims’ families in the Washington, D.C.-area sniper shootings is a first, according to a gun control lawyer. Bushmaster Firearms Inc. of Windham, Maine, made the …

Hurricane Spin-down Coverage

Nuts & Bolts: ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing down plant operations …

Personal Watercraft Program

Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR PWC program is available to all agencies appointed by ACE for recreational …