All the headlines from our Maine Topic Page, ordered by recency.
Feb 21 2005 // A federal judge has sided with the state of Maine in an industry challenge to the constitutionality of a state law that requires pharmacy benefit managers to disclose side payments from drug companies and other financial...
Feb 21 2005 // Even though his files have been stored in the department’s archives since the case was transferred to federal investigators more than a year ago, Ted Bader still keeps tabs on Michael Napadow and Nations Hazard...
Feb 8 2005 // New Hampshire drivers are benefiting from increased competition among auto insurers.Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases,...
Feb 7 2005 // A federal judge has sided with the state of Maine in an industry challenge to the constitutionality of a state law that requires pharmacy benefit managers to disclose side payments from drug companies and other financial...
Jan 27 2005 // Sexual abuse of a minor falls within an insurance coverage exclusion for injuries resulting from “actual or threatened abuse or molestation,” the Maine Supreme Judicial Court ruled recently in its first...
Jan 24 2005 // Some Maine motorists are angered over a new law under which motor vehicle registrations can be suspended if an insurance company notifies the state of a motorist canceling or failing to pay insurance.So far, more than...
Jan 21 2005 // As the Maine Legislature opens its 2005 session, lawmakers are reportedly primarily concerned with tax issues, including a proposal that would tax insurance premiums to fund retirement health insurance for police and...
Jan 7 2005 // The number of motorcycle fatalities hit the highest level in a decade in Maine in 2004, and riders who die are more likely to be baby boomers than teenagers on sport bikes, according to state officials.The number of...
Jan 5 2005 // Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory...
Dec 20 2004 // Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to...
Dec 6 2004 // The National Association of Insurance Commissioners (NAIC) elected four officers for 2005 during the NAIC Winter meeting in New Orleans, including a newly created position of president-elect to effectively serve a two-year...
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and InsurersMarsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
Dec 6 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
Dec 3 2004 // Despite an agenda that ranged from identity theft to best practices in agency management, the brokerage probe was what had attendees at the recent Independent Insurance Agents of Connecticut (IIAC) midyear meeting in...
Nov 18 2004 // A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls...
Nov 18 2004 // Maine has joined a nationwide investigation into price fixing and other abuses in the insurance industry.Maine Insurance Superintendent Al Iuppa said his department is working with the National Association of Insurance...
Oct 28 2004 // Northeast Financial Services, Co., Auburn, Maine, a subsidiary of Northeast Bank, recently agreed to acquire Sargent Insurance Agency of Rangeley, Maine.The expanded insurance agency will be known as Northeast Financial...
Oct 25 2004 // The Maine Supreme Judicial Court in a 5-2 vote has ruled that insurers may not restrict their liability under uninsured motorists coverage to less than what Maine law requires. The Sept. 30 ruling in Butterfield v. Norfolk...
Oct 4 2004 // The Maine Supreme Judicial Court in a 5-2 vote has ruled that insurers may not restrict their liability under uninsured motorists coverage to less than what Maine law requires.The Sept 30 ruling in Butterfield v. Norfok...
Oct 4 2004 // Small businesses and self-employed individuals in Maine can begin signing up for the state’s new health insurance program today, Oct. 4, with coverage beginning on Jan. 1.But people who are unemployed or work for a...