Maine News

IIABNY Survey Finds Most Northeast In-Home Businesses Vulnerable

A survey, conducted by the Independent Insurance Agents & Brokers of New York Inc, found that “tens of thousands of home-based businesses in New York and eight other Northeast states are needlessly at risk because their owners thought they did …

Pinnacle, MSA Group Unveil New Agency Education Institute

Pinnacle Training & Consulting is partnering with The Main Street America Group to make available a new series of personal and commercial lines training programs to independent agents. The new programs comprise: — CSR and New Producer Academies: One-week, personal …

Maine Governor’s Proposal Draws PCI, AIA Fire

The Property Casualty Insurers Association of America and the American Insurance Association both expressed concerns over a bill proposed by Maine’s Governor John Baldacci, which the PCI says will “further restrict the ability of insurance companies to make decisions regarding …

Identity Theft

Nuts & Bolts: Travelers Property Casualty Corp. is offering a new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their account holders or customers, or use as an …

AIA Supports Maine Building Code

The American Insurance Association announced that it supports the efforts of the Maine Legislature’s Business Research and Economic Development Committee to implement a statewide building code. “Uniform statewide building codes often lower costs and improve the quality of construction,” stated …

Meeting the Challenge of Department of Motor Vehicles Reporting

Today, more than 20 states—and the number keeps rising—require insurance companies to report vehicle insurance information to their department of motor vehicles (DMV). The states want the information to enforce laws that require insurance on personal as well as commercial …

Identity Theft

Nuts & Bolts: Travelers Property Casualty Corp announced the availability of its new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their account holders or customers, or for …

PCI Disappointed with Maine’s Failure to Reform Fire Policy on Terrorism

The Property Casualty Insurers Association of America issued a bulletin stressing its disappointment with a decision by the Joint Standing Committee on Insurance and Financial Services in Maine not to support passage of reforms in the state’s insurance laws concerning …

William S. Cohen Elected to AIG Board

American International Group, Inc.’s Board of Directors announced the election of former United States Secretary of Defense and former United States Senator William S. Cohen as a Director. Cohen, 63, is currently Chairman and CEO of The Cohen Group, a …

PCI Concerned with Restrictive Measures Under Consideration in Maine

Efforts to enact legislation reportedly restricting the ability of insurers to operate in a competitive fashion in the Maine homeowners insurance market are being met with concern by the Property Casualty Insurers Association of America. “We were dismayed to learn …