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MEMIC announces $18M dividend for 17,000 Maine policyholders

Workers’ compensation insurer MEMIC announced Wednesday it will issue a dividend of $18 million to more than 17,000 policyholders in Maine in November.

ACA employer mandate moves full steam ahead

Laurie Schreiber |

The one-year grace period that delayed full implementation of the Affordable Care Act's employer shared responsibility rule, or the employer mandate, is coming to an end.

Building a benefits practice: Wakelin, Hallock and O'Donovan join Eaton Peabody's Portland office

James McCarthy |

The Portland law firm of Wakelin, Hallock and O'Donovan has joined with Eaton Peabody, creating what both firms say will be the second largest employee benefits and executive compensation...

Cross Insurance forms car, truck dealer practice

Cross Insurance is forming a dedicated “Franchised Dealer Practice” that will focus on the increasingly changing and complex needs of new car and truck dealerships.

Cross Employee Benefits launches new health benefits tool for Maine employers

James McCarthy |

Cross Employee Benefits, a subsidiary of Bangor-based Cross Insurance Financial Corp., one of the largest insurance providers in New England, is launching a private health insurance...

How to meet the ACA’s new employer reporting requirements

Ellen Mcpherson |

Employers will be busy this fall preparing for new reporting requirements that are obligated by the Affordable Care Act. As you are likely aware, Applicable Large Employers, or ALEs, are...

Anthem to acquire Cigna in $54.2B deal

In the largest-ever acquisition of a health insurer, Anthem announced today it had agreed to purchase Cigna in a deal valued at $54.2 billion, including debt.

U.S. Supreme Court affirms access to ACA insurance subsidies in Maine

James McCarthy |

In a 6-3 ruling announced Thursday morning, the U.S. Supreme Court affirmed that the Affordable Care Act allows Americans in all states, not just those that established their own exchanges, to...

Rhode Island insurer sues Downeast Energy

Amica Mutual Insurance Co. of Rhode Island has sued Downeast Energy in federal court, claiming that a technician’s negligence caused a fire at an insured house in Freeport.

Allstate Insurance plans Maine expansion

Allstate Insurance Co. is planning to add 21 new positions in Maine, citing the state’s "strong economy" as the reason for the expansion.