A surge last Friday pushed markets into decidedly positive territory, and most major indices gained more than 1 percent on the week. Read more now.
L.S. Robinson of Southwest Harbor joins Allen Insurance and Financial
L.S. Robinson, the seven-person insurance agency in Southwest Harbor is now part of Allen Insurance and Financial.
The purchase was finalized Nov. 18. Terms were not disclosed. L.S. Robinson will continue to operate under that name. All L. S. Robinson employees are being retained.
The deal brings together two companies each with a long history of serving the insurance needs of Maine people.
Founded in Camden in 1866, Allen Insurance and Financial is an employee-owned company with offices in Camden, Rockland and Saco. L. S. Robinson was founded in 1932 by Lawrence Robinson, a well-known Mt. Desert Island businessman who saw the need to provide his community with insurance services.
“Allen Insurance and Financial is a great fit for us,” said Bruce Bicknell, president of L.S. Robinson. “We will be able to provide a wider and more complete array of services for our clients while maintaining our focus on the unique needs of each client.
Back row, from left, Sara Montgomery, senior vice president, Allen Insurance and Financial; Mike Dufour, vice president, Allen Insurance and Financial and Ken Salvatore, principal, L.S. Robinson, Co. Front row, from left, Bruce Bicknell, president, L.S. satellite maps . Robinson Co.; Gilbert Fifield, president, Allen Insurance and Financial and Brad Bicknell, principal, L.S. Robinson Co.
Sherree Craig Recognized by International Society of Certified Employee Benefit Specialists
Sherree L. Craig, CEBS
Sherree L. Craig, CEBS, Insured Benefits Manager at Allen Insurance and Financial, has been awarded Fellowship standing in the International Society of Certified Employee Benefit Specialists for a two-year period.
Craig earned this distinction by successfully completing a national employee benefits continuing education exam developed by the Wharton School of the University of Pennsylvania.
The International Society of Certified Employee Benefit Specialists is an educational association dedicated to serving the professional development needs of those holding the Certified Employee Benefit Specialist designation. Craig earned her CEBS designation in 2004.
Craig is also a board member of the Maine Association of Health Underwriters and Rockland Rotary. Call Sherree at 230-5840.
Weekly Market Update: Dec. 1, 2010
It was a quiet week for equity markets due to the Thanksgiving holiday. Large-cap stocks drifted lower in slow trading, while small-cap and technology stocks gained some ground. Read more now in this week’s Market Update.
Weekly Market Update: Nov. 22, 2010
With the 10-year Treasury at 2.937 percent late last week, we’ve seen a considerable selloff—yields are up from their recent low of 2.385 percent a little more than a month ago. Read more now.
Weekly Market Update: Nov. 16, 2010
A poor earnings forecast from technology giant Cisco and signs of accelerating inflation in China helped push the equity markets lower last week.
Sector breadth was also poor, as nine out of 10 S&P 500 sectors lost ground. Energy was the only area of growth, buoyed by elevated oil prices. Read more now.
Weekly Market Update: Nov. 10, 2010
The Federal Reserve confirmed last week that short-end rates will be low for some time.
With the purchase of $600 billion in Treasuries through the middle of next year, coupled with $300 billion in mortgage runoffs, the Fed is telling us that rates need to be lower.
Weekly Market Update, Nov. 3, 1010
Equity markets traded sideways in a fairly quiet week last week. Earnings reports continue to come in better than expected. Third-quarter earnings growth has risen 6 percent in four weeks, to about 30 percent year-over-year. Click to read more in our Weekly Market Update.
Weekly Market Commentary, Oct. 26, 2010
Equity markets posted modest gains last week, as the pace of earnings reports kicked into high gear.
With increased volatility and counterintuitive moves in stocks that reported strong earnings, it looks to us like some hedge funds are bidding up prices and then flushing their shares in an effort to make money, as opposed to expressing real concerns about future earnings. Read more now.
Free Seminar: A New and Progressive Way for Small- and Medium-Sized Businesses to Provide Medical Coverage to Their Employees
Allen Insurance and Financial is holding a seminar at Tuesday, Nov. 2 in Rockland to discuss a new and progressive way for small- and medium-sized businesses to provide medical coverage to their employees.
A new medical benefits product, MAINE HEALTH SAVER, a joint effort among Patient Advocates, LLC, Medical Network, Inc (MedNet), and ASG Risk Management, all Maine-owned and operated companies, will be introduced.
Bagels and coffee will be served. James Ward, president of Patient Advocates, LLC, Robert Hillman, CEO of Maine Medical Network (MedNet), and Gardner Roberts, director of marketing for ASG Risk Management will be on hand to discuss this new product that:
• Offers employers the opportunity to get money back if claims are lower than expected.
• Levels the playing field to allow smaller employers many of the advantages enjoyed by larger companies.
• Uses state of the art plan design strategies to incent the use of lower cost, center of excellence facilities and incents employers to invest in a healthy workforce.
• Assists employees with medical and insurance questions through a Maine-based nursing hotline, arranges appointments and makes travel arrangements when complicated medical care is required.
• Provides chronic disease management by serving as an advocate for medical care and discusses medical findings and quality treatment options for your critically ill employees.
“We’re looking forward to talking with our Midcoast business neighbors about how they can take back some control over the high cost of providing medical care to their employees,” said Sherree Craig, Insured Benefits Manager at Allen Insurance and Financial.
The seminar begins at 8 a.m. at the Maine Lighthouse Museum on Park Drive in Rockland. Attendees are asked to call or email to reserve their seat at the table for this seminar. Sherree Craig can be reached at email hidden; JavaScript is required or 236-8376.
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