Maine News

Declarations

Fine With Us “We understand that the attorney general’s role is to protect consumers, and we wholeheartedly support that goal.” —Leah Knapp, spokeswoman for Progressive, which has agreed to pay $120,000 in fines for providing inaccurate auto insurance rates to …

It Figures

$10 Million Amount sought by a New York woman who claims two neurosurgeons twice operated on her for brain and spinal cord problems she didn’t have. Kristy Pirozzolo is suing Long Island doctors Paolo Bolognese and Thomas Milhorat, claiming she …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

Poultry Companies Balk at Oklahoma AG’s Settlement in Lawsuit

A now-defunct poultry company got a better deal in settling an environmental lawsuit with the state because it was first to negotiate an agreement, Oklahoma Attorney General Drew Edmondson has suggested. But one poultry company spokesman says other firms have …

Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor

Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its subsidiaries. ProMutual, a member of ProMutual Group, said it is is acquiring Lansing, Michigan, based …

Arson Guts Maine Topless Coffee Shop

A deliberately set fire destroyed a topless coffee shop in Vassalboro, Maine early Wednesday, just hours after the owner talked with local officials about making the business more like a strip club, investigators said. The fire at the Grand View …

Seth Joins Acadia as Assistant Vice President

Westbrook, Maine-based Acadia Insurance Co. has named Kevin Seth as assistant vice president of Field Services. Seth will be responsible for providing service to branch offices including document management, policy issuance, rating and other operational areas. He will also be …

WKF&C Adds E&S Coastal Wind Coverage in 4 New England States

Melville, New York-based managing general agent WKF&C Agency Inc. if offering an expanded coastal wind facility for E&S property lines in four New England states. The expansion adds extra capacity for risks including, restaurants, shopping centers, industrial buildings and and …

Report: Bank Insurance Brokerage Income Falls Slightly in 2008

Bank holding companies’ (BHC) insurance brokerage income overall experienced a 3.6 percent drop in 2008, the first decline in total BHC brokerage income since 2001, according to a new industry report. “BHCs with assets greater than $10 billion, and, principally, …

Strohfus Named Senior Vice President at Acadia

Westbrook, Maine-based Acadia Insurance Co. has named Paul Strohfus as its new senior vice president for Claims and Legal Services. Strohfus will oversee the development of claim operations for Acadia, work to maximize government relations efforts and ensure legal matters …