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MEMIC issues $20M dividend to Maine policyholders

Staff |

Portland-based workers’ compensation specialist The MEMIC Group announced on Monday that it will issue a record dividend of $20 million to 18,000 Maine policyholders this November.

Chicago firm scoops up two Maine Norton agencies

Staff |

With its eyes set on expanding its presence in New England, Chicago-based insurance firm Hub International Ltd. has acquired the assets of Cumberland Foreside-based Norton Insurance Agency Inc. and...

Navigating Medicare billing — and creating rural Maine jobs

Lori Valigra |

Dr. Dan Mingle knew he was onto something when he founded the South Paris-based Mingle Analytics in 2011. Health care costs were spiraling up, and national reimbursers like Medicare were starting to...

ACA rate increases approved by Maine Bureau of Insurance

Customers of three insurers that offer Affordable Care Act individual marketplace plans could see double-digit rate increases as the Maine Bureau of Insurance has given the go-ahead for the rise.

Cioppa rejects insurer’s bid to raise car insurance rates for seniors

Maine Superintendent of Insurance Eric Cioppa has rejected Progressive Corp.’s request to raise car insurance rates for older Maine drivers based solely on their age.

Cross Financial appoints new treasurer, vice president

Staff |

The New England-based independent insurance provider Cross Insurance said it has hired Christopher Hersey as vice president and treasurer of its subsidiary, Cross Financial Corp.

New chair of Maine Insurance Association a familiar face

Staff |

Michelle Ibarguen, the Augusta branch manager and president of the independent insurance provider Cross Insurance, has been appointed chairwoman for the board of the Maine Insurance Association.

WEX inks deal with niche insurer

Corporate payment solutions company WEX Inc. (NYSE: WEX) said Thursday it signed a virtual payments agreement with Aquarium Software, a specialty insurer for pets, travel and gadgets.

Cross Insurance acquires insurance competitor

Staff |

The Bangor-based independent insurance provider Cross Insurance announced the acquisition of the Maine insurance agency Sargent, Tyler & West and its Bucksport branch office, the Roland Grindle...

Unum job cuts are 'speculation and hearsay,' the company says

A U.S. labor website and an anonymous employee in the Portland office of the Chattanooga, Tenn.-based disability insurance provider Unum, has told the Portland Press Herald that the company is...