Maine News

Maine Governor Vetoes Workers’ Comp Bill

On Tuesday Maine’s Governor Angus King vetoed a workers’ compensation bill (LD 1175) that contained provisions which would have automatically entitled injured workers to full compensation during full-time rehabilitation. The American Insurance Ass’n. strongly opposed the measure. “This bill undermined …

The Middleton Group Releases its Biannual Compensation Survey: How Does Your Agency Compare’

Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. Some 2.3 million …

NAMIC Survey Shows Most States Will Not Meet GLBA Deadline

Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …

NAII Notes Build in Momentum as 25 States Sign Producer Licensing Bills

With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures. The producer licensing legislation passing in states around the country …

State Fund To Become Texas Mutual Insurance Company

The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s adjournment to sign H.B. 3458. No opposition …

How Does Your Agency Compare’ The Middleton Group biannual compensation survey

Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. +20% CT DC …

Maine Enacts Financial Privacy Bill

Maine Governor Angus King signed into law a financial services privacy bill (LD 1640), which is, according to the American Insurance Association (AIA), consistent with the federal privacy regulations in Title V of the Gramm-Leach-Bliley Act (GLBA). James T. Harrington, …

Most States Will Not Meet GLBA Deadline, NAMIC Survey Says

Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …

AMS Users’ Group Hits the Right Key at Annual Conference

Three major forms of American music are deeply rooted in the rolling green landscape of Tennessee—blues, rock ‘n’ roll and, in the grand old city of Nashville, country. It’s no wonder then that the theme of the AMS Users’ Group …

General Casualty Acquires Sixth Regional Insurance Company

Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General Casualty’s sixth regional office, the first outside of its 12-state Midwestern operating …