Maine News

Vermont to Mandate Safety Course for Motorcyclists

Vermont motor vehicles officials are preparing a mandatory four-hour classroom course for new motorcyclists. The state is working with the Motorcycle Safety Foundation, a national nonprofit organization in Irvine, Calif., to come up with the course. The foundation, which is …

Anthem May Be Sole Biddder on Maine’s Dirigo

Anthem Blue Cross and Blue Shield of Maine has emerged as a possible sole bidder to provide coverage under Maine’s Dirigo Health Program. But Anthem, the only one of five insurance companies that expressed an interest in bidding for the …

N.H. Med-Mal Reform Dies in Legislature

Though worried that medical malpractice insurance is driving doctors from the state and from specialties like obstetrics, New Hampshire lawmakers last week failed to agree on legislation to address the problem. The House and the Senate had different versions of …

Maine Joins Interstate Regulatory Compact

Maine Superintendent of Insurance Alessandro A. Iuppa reported that Maine has become the sixth state to join the Interstate Insurance Product Regulation Compact Commission, a commission which has been developed by the National Association of Insurance Commissioners (NAIC). The commission …

MAINE MAP LAW SIGNED:

A new Maine law (Ch. 671) designed to correct availability problems in the state’s homeowners insurance market has been signed into law by Gov. John Balducci (D). Under the law, Superintendent of Insurance Al Iuppa, who already has authority to …

Elderly Drivers Pose Growing Challenge for States and Auto Insurers

As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …

MarketScout Adds Underwriters

Dallas-based MarketScout announced the expansion of its underwriting capabilities with the addition of three new underwriters. Sabrina Kukla has joined MarketScout’s Energy team. She will be quoting American Home for general liability, workers’ compensation and auto as well as James …

N.H. Advances Med-Mal Screening Panel

The state Senate has voted to require pre-litigation screening when patients sue doctors in hopes of weeding out frivolous cases and lowering malpractice insurance premiums. The Senate voted 19-3 to require that a panel made up of a judge, a …

Market Report: Independent Agency System Shows Growth, Opportunity

Both the commercial and personal lines property/casualty markets grew significantly in 2002 creating opportunities for each of the three major distribution systems: independent agents and brokers, captive agents, and the direct response companies. The larger the market share in a …

Market Shares

Independent agents rule. This was again confirmed by the latest report from the Independent Insurance Agents & Brokers of America (IIABA) on market share. Independent agents dominate in commercial lines, writing more than 79 percent of the market nationwide. In …