Maine News

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 …

Myers Named Trusted Choice Executive Director

Jeffrey A. Myers, a 15-year industry communications veteran with extensive experience at the Independent Insurance Agents and Brokers of America (the Big “I”) and in the industry, has been named the new executive director of Trusted Choice. Myers will manage …

Koken Named NAIC President; Ario Elected VP

Members of the National Association of Insurance Commissioners (NAIC) have elected a slate of three new officers in interim elections held during the 2004 NAIC Fall National Meeting. Pennsylvania Insurance Commissioner Diane Koken is the new NAIC president, Oregon Insurance …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors’ liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT

The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

Long-Term Health Care Costs Loom Large for Governors

Soaring health care costs, coupled with the looming retirement of a record 77 million Americans starting in 2011, are casting a shadow of concern over states that worry their public health care systems can’t shoulder the burden of the aging …

Have Catastrophe Risks’ ‘Bring ‘Em On!’ Says Specialized Writer ICAT

The map shows a thin blue line skirting the edge of the Gulf and Atlantic coasts from Louisiana around Florida and all the way up to Maine to highlight the hurricane states. The blocks of red across the Western territories …

Toronto Bank Buying Majority of Banknorth

Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding shares of Banknorth for approximately …