Maine News

Banknorth Enters Western Massachusetts with Agency Purchase

Banknorth Group will soon provide insurance products and services in western Massachusetts. The bank’s insurance subsidiary has reached a definitive agreement to acquire the Palmer Goodell Insurance Agency of Springfield, Mass. The agency will become part of Morse, Payson & …

Massachusetts DOI Web Site Blasted by Consumer Watchdog

The Massachussetts Department of Insurance plans to roll out a new web site next month, replete with a downloadable complaint form. But that hasn’t stopped a Boston attorney from declaring the site “useless.” The attorney, Jason Adkins, is also an …

State Farm to Return Over $1 Billion to Policyholders

State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved yesterday by the State Farm Mutual …

CSU Forecast Team Ups Hurricane Prediction for 2000

Colorado State University’s hurricane forecast team, led by William Gray, has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began June 1. Gray, professor of atmospheric science, and …

UNUMProvident Profits Fall

The company, the No. 1 U.S. disability insurer, formed last year with the merger of UNUM Corp. and Provident Companies. First quarter operating profits for the Portland, Maine-based company fell to $134.6 million, down from $172.6 million in the same …