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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.

Cross Insurance acquires Rhode Island agency

Bangor-based Cross Insurance has acquired a full-service insurance agency in Rhode Island, expanding its reach in southern Rhode Island and southeastern Connecticut.

Workers' Comp Board fines state system

The Maine Workers’ Compensation Board has issued a $20,850 fine to the state’s own system for workers’ compensation over reporting errors found in an...

Harvard Pilgrim awards $40K to Maine community garden programs

Harvard Pilgrim Health Care Foundation, based in Wellesley, Mass., has awarded almost $40,000 to nine nonprofit community garden programs in Maine. The disbursement is part of...

Varney Agency seeks Canadian expansion with new stake in large Quebec sawmill operator

Dylan Martin |

The family connected to Bangor-based Varney Agency has acquired a one-third ownership stake in what it is calling one of Quebec’s largest independent sawmill operators.

Anthem: Data breach impacted 531,000 Mainers

The data breach that hit insurance company Anthem Inc. and its subsidiaries earlier this year impacted 531,000 Mainers, the company confirmed on Wednesday.

Cross Insurance buys large Mass. firm

Cross Insurance in Bangor has acquired a Massachusetts firm that it said was one of the largest independent insurance providers in New England.