Maine News

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

California Regulator Wants Anthem Blue Cross To Postpone Rate Increase

California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent …

Acadia Expands Medical Office Coverage

Maine-based insurer Acadia Insurance is offering an expanded property and casualty coverage program for medical offices and facilities in New England and New York. The Acadia Rx Medical Office Program includes specialized property and casualty insurance coverages for doctors, dentists …

Declarations

Share the Road Safely “We want the drivers of big rigs and buses and those who share the roads with them to be safe.” —Transportation Secretary Ray LaHood announcing a U.S. government ban on “texting” by drivers of commercial trucks …

People

Tina Preisig, senior vice president of managed care at Pennsylvania-based insurer PMA Cos., has been selected by the LexisNexis Workers’ Compensation Law Center as one of the Workers’ Compensation Notable People for 2009. Preisig is a registered nurse with 30 …

Best Comments on Tower Group; OneBeacon Personal Lines Buy Impact

A.M. Best Co. has commented that the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based Tower Group Companies, its pooled members and Bermuda-based CastlePoint Reinsurance Company Limited are unchanged. Best …

OneBeacon Selling Personal Lines Business to Tower Group

Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls for New …

Ratings Recap: Mass. Homeland/York, Rockhill, Paratransit, MGA,

A.M. Best Co. has placed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Massachusetts Homeland Insurance Company and York Insurance Company of Maine under review with negative implications. Best took the rating actions following …

Maine Chicken Barn Fire Kills 72,000 Birds

Maine fire officials say they’ll probably never know the cause of a fire that killed 72,000 chickens in a barn in Belfast. The fire early Thursday morning destroyed a three-story, 500-foot poultry barn in the midcoast town. Owner Merle Grass …