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Insurance

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...

Cutting weight, health care costs with employee wellness programs

Laurie Schreiber |

Dan Bookham enjoys his work at Allen Insurance and Financial, where he's the business development director and a commercial insurance producer at the firm's office in Camden. But over time, he became...

As costs rise, employers look for the next perfect-fit coverage plan

Jennifer Van Allen |

Like a lot of small business owners, when Nancy Marshall went to renew the health insurance policy for her 14 employees last fall, she was in for some serious sticker shock. Deductibles were jumping...

Unum expands portfolio with $127 million deal

Unum (NYSE: UNM), which is based in Chattanooga, Tenn., entered into an agreement to buy H&J Capital LLC, parent of Starmount Life Insurance Co. and AlwaysCare Benefits, for $127 million plus net...

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