Maine News

The Case for Risk Management and Insurance Education

If you’re like most insurance firms, your workforce is aging. Or, as a friend of mine recently put it, “There’s a lot of gray hair in the room.” Not that there’s anything wrong with that, mind you, but the reality …

Maine’s July Traffic Deaths on Record Pace

Traffic fatalities in Maine this July are on pace to be among the highest on record. Seventeen people lost their lives on the state’s roads as of Friday, July 18, an average of about one death a day. Spokesman Stephen …

Insurance Agents, Travelers, Nationwide Urge Coastal Wind Policy

Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal legislation would be required to enact the outlined concept, which includes …

N.H. Modifies Producer, Adjuster Licensing Law, Fees

New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …

AIG, Vermont Mutual to Enter Mass. Personal Auto Insurance Market

Giant insurer American International Group has decided to enter the Massachusetts private passenger auto insurance market, according to The Boston Globe. But AIG is not alone. In addition, Vermont Mutual will begin selling personal auto insurance policies in the state …

Blogs Can Get Insurance Clients ‘SLAPP’ed!

A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondoInvestments). Hollo v. …

People

Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. promoted F. Michael Crowley to president and chief operating officer. As president, Crowley has been responsible for HRH’s retail operations. In the expanded role, he will be responsible for sales and …

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. International Energy Package Market Detail: MarketScout provides a market for clients needing coverage for foreign …

People

The National Association of Professional Insurance Agents (PIA) has announced the promotion of Mike Becker to director of federal affairs. Since joining PIA, Becker has managed the day-to-day responsibilities associated with running the Professional Insurance Agents Political Action Committee, including …

Insured Property Value in Coastal States to Double in 10 Years

In the past three years, the insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7 percent, according to a new report released by AIR Worldwide …