Maine News

Majority of medical malpractice claims close without payment

The majority of medical malpractice claims in a study of seven states were closed without any compensation paid to those claiming a medical injury, the Justice Department’s Bureau of Justice Statistics (BJS) reported. BJS conducted a study of medical malpractice …

Most Ill. medical malpractice cases settle before trial, Justice Department report says

From 2000-2004, few medical malpractice insurance claims in Illinois and six other states closed with a payout to the person seeking compensation, with most settling before a trial, according to a Justice Depart-ment report re-leased on March 25, 2007. In …

Top 20 Banks in Insurance Brokerage Fee Income (2006/Nationally)

Rank 2006 Insurance Brokerage Fee Bank Income Name City, State Web site 1 $973.0 million Citibank N.A. Las Vegas, Nev. www.citibank.com 2 $799.4 million Branch Banking and Trust Co. Winston-Salem, N.C. www.bbt.com 3 $190.1 million FIA Card Services N.A. Wilmington, …

Rank 2006 Insurance

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2006/Nationally) Brokerage Fee Bank Income Holding Company Name City, State Web site 1 $1.7 billion Citigroup Inc. New York, N.Y. www.citigroup.com 2 $1.1 billion Wells Fargo & Co. San Francisco, …

Maine Governor Wants Health Coverage to be Mandatory

A broad package of health insurance reforms that builds upon Dirigo and would lead to mandatory coverage for businesses and individuals was unveiled Wednesday by Maine Gov. John Baldacci. Baldacci’s plan, designed to move Maine closer to universal health care, …

Maine Gov. Baldacci Ready to ‘Re-energize’ Dirigo Health Plan

Maine Gov. John Baldacci planned a major health policy announcement this week that will focus on insurance market reforms, an expansion of the Dirigo Health program and new regulatory provisions, all designed to promote broader access to health care, according …

Former Lead Paint Producers Target of Ohio Lawsuit

Ohio Attorney General Marc Dann has filed suit against paint manufacturers and chemical companies, including one in Illinois, that he alleges continued to make and sell lead paint knowing it presented health hazards. Dann sued 10 companies including Sherwin-Williams, DuPont …

Northeast Bank Acquires Southern Maine Agency

Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, continues acquiring insurance agencies in Maine. The latest acquisition is Southern Maine Insurance Agency, located in Scarborough. The 18 year old, Southern Maine Insurance Agency, is Northeast’s third …

U.S. Study Finds Majority of Medical Malpractice Claims Close Without Payment

The majority of medical malpractice claims in a study of seven states were closed without any compensation paid to those claiming a medical injury, the Justice Department’s Bureau of Justice Statistics (BJS) reported. BJS conducted a study of medical malpractice …

INSURER NOT LIABLE IN CONN.’S AVAN MOUNTAIN CRASH

A federal judge has ruled that the insurance company for a Bloomfield trucking company involved in a fiery fatal crash on Avon mountain does not have to pay victims and families of those killed. The ruling involves American Crushing and …