Maine News

Active Hurricane Season Expected for 2002

What is a Hurricane? A hurricane is a type of tropical cyclone—a generic term for a low pressure system that generally forms in the tropics. The cyclone is accompanied by thunderstorms and, in the Northern Hemisphere, a counterclockwise circulation of …

Preserver Group Extends Tender Offer Deadline

Preserver Group, Inc. announced that it will extend the expiration date of its cash tender offer for all of its shares of common stock which was set to expire on February 14 to 5:00 p.m. New York City time on …

Oxley to Address IIAA National Legislative Conference

Congressman Michael G. Oxley, chairman of the House Financial Services Committee, will address 800 independent insurance agents and brokers at the 26th Annual Independent Insurance Agents of America (IIAA) National Legislative Conference this spring. The 2002 IIAA legislative meeting will …

InsuranceNoodle Licensed in Wyoming

InsuranceNoodle has signed its 800th “NoodleNetwork” insurance agency partner to quote and bind small commercial insurance business using the e-broker’s proprietary web-based agency technology, and has been licensed in Wyoming, the 46th state in which it is selling small business …

ProMutual Opens NJ Claims Office

ProMutual Group, a leading provider of medical malpractice insurance in New England, announced that it has opened a local claims office in Morristown, New Jersey, headed by Cheryl M. DeKleine. Richard W. Brewer, president and CEO noted that recent growth …

Calif. Won’t Adopt Terror Exclusions

According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The Times quoted …

Dearborn Launches Online Proctoring Support System

Dearborn Financial Services, a Kaplan Professional Company, has launched its Online Proctoring Support System, a single source for CE training and compliance for licensed insurance professionals. Chicago-based Dearborn said the online proctoring system enables insurance professionals in proctor-mandated states to …

Independent Agents, Brokers to Meet in Washington, D.C.

Nearly 800 independent insurance agents and brokers will come together in the nation’s capital April 10-12 for the 26th Annual Independent Insurance Agents of America (IIAA) National Legislative Conference. The 2002 IIAA National Legislative Conference, the insurance industry’s largest legislative …

IIAA Shows Support for Retirement Security Advice Act

A bill that would empower independent agents and brokers to provide counsel to participants in employer-provided investment plans holds major potential benefits for millions of American workers, Independent Insurance Agents of America (IIAA) CEO Robert A. Rusbuldt commented. The Retirement …

InsuranceNoodle Adds Five States to Roster

InsuranceNoodle announced it has begun selling insurance in Mississippi, Nevada, New Hampshire, North Dakota and Utah. With the addition of these five states, the e-broker is now licensed in 45 states and the District of Columbia and reaches 96 percent …