New Hampshire News

2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market

The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …

People

Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …

Drive Free or Die

Maine and New Hampshire were among the states leading the opposition to a proposed national drivers’ license program, which they criticized as an unfunded $11 billion mandate on states that could place citizens’ personal information at risk. Maine Republican Congressman …

N.H. Construction Firm Pays $158K Haz Waste Settlement

A New Hampshire judge has approved a hazardous waste violation settlement that will see a Pembroke construction company pay a $157,500 fine. The state alleged Venture Construction, Inc., transported and stored hazardous waste without a permit and did not properly …

Wells Fargo Buys 4 Agencies

Wells Fargo & Co.’s Wells Fargo Insurance Services Inc. reports it has bought four insurance agencies. The insurance brokerage acquired Technology Insurance Services Inc., Redwood City, Calif; Rogers & Belding Insurance Agency Inc., El Paso, Texas; Richardson Group, Dover, N.H.; …

MVP Insurance Assumes Policies as Patriot Health Falters in N.H.

New Hampshire insurance regulators have begun supervising the operations of Patriot Health Insurance Co. and another insurer will take over its policies and operations. Insurance Commissioner Roger Sevigny says MVP Health Insurance Co. of New Hampshire will assume Patriot’s business …

Maine’s Hyler Agency is Northeast Bank’s 6th Acquisition Within Year

Maine’s Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Lewiston-based Northeast Bank, continues to grow its footprint in Maine, this time in Thomaston, with the purchase of Hyler Agency. The Hyler Agency, family-owned and located in Thomaston, joined Northeast …

N.H. Man Sentenced for Workers’ Compensation Theft

A 52-year-old New Hampshire man has pleaded guilty to theft in a workers’ compensation case. Attorney General Kelly Ayotte says Philip Rice of Derry was sentenced to serve six months in jail with the sentence suspended for three years if …

‘Most Secure Places to Live’ Are In Ore., Calif. and Wash.

Health, prosperity, safety and security are all desirable aspects when it comes to seeking a place to live, work or raise a family. According to the fourth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of …

N.H. Promises to Fix Workers’ Compensation Law for Contractors

New Hampshire state lawmakers from both parties said this week they hope to quickly fix a workers’ compensation law when they return to the Statehouse in the new year. Earlier this year the Legislature closed a loophole that had allowed …