Maine News

Six Former Employees at Maine College Claim Age Discrimination

Six former employees of the University of Southern Maine who lost their jobs in a consolidation move are claiming they were discriminated against because of their ages. The former employees, between the ages of 55 and 65, had worked in …

M&A Wrap-Up: Insurance Brokerage Mergers Took a Third Quarter Vacation

Deal making wasn’t at the top of the list of summer activities this season, but deal vacation was. Third quarter merger and acquisition (M&A) activity continued declining to just 30 announced transactions between July and September. This quarterly activity follows …

Feds Report Fewer Workplace Deaths in New England

New England recorded fewer work-related deaths last year, the U.S. Bureau of Labor Statistics reported Thursday, a trend that could be at least partly attributable to the economic downturn. Preliminary figures for the six-state region showed 136 workplace fatalities in …

Small Earthquake Shakes Western Maine

The New England Seismic Network says a small earthquake shook parts of western Maine early Thursday morning. According to Weston Observatory at Boston College, the earthquake happened at 2 a.m. and had a magnitude of 2.5. It was centered about …

New Hampshire Man Gets 11 Years for Maine Business Fires

A 30-year-old New Hampshire man is going to prison for 11 years for setting a fire in Yarmouth, Maine, that destroyed 26 businesses. Everett Stickney of Exeter was sentenced Thursday in U.S. District Court in Portland. Stickney pleaded guilty in …

Maine Workers’ Comp Rates Drop

Maine’s Insurance Bureau says workers’ compensation rates will decrease by an average of 7 percent. Insurance Superintendent Mila Kofman said this month that an industry request for a decrease has been approved. It will lower rates in 2010 by an …

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. Commercial Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …

American Alternative Insurance Partners with PersonalUmbrella.com

PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …

Maine Highway Safety Campaign Launched

As the holiday season approaches, Maine state officials are kicking off a campaign to encourage safe driving habits. The campaign announced Thursday in the State House focuses on seat belt usage, observing speed limits, not drinking and other behaviors. Maine …

Maine Workers’ Comp Rates Drop

Maine’s Insurance Bureau says workers’ compensation rates will decrease by an average of 7 percent. Insurance Superintendent Mila Kofman said Monday that an industry request for a decrease has been approved. It will lower rates in 2010 by an average …