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Insurance

On the record: Michael Bourque on navigating new workplace challenges

Maureen Milliken |

Michael Bourque, senior vice president of external affairs at the Maine Employers Mutual Insurance Co., better known as MEMIC, is busy navigating changes in laws,...

FEMA issuing revised flood insurance rate maps

STAFF |

The Federal Emergency Management Agency announced Monday it will be releasing flood insurance rate maps, including revised preliminary maps and flood insurance studies for York and Cumberland...

Workers’ comp premiums to decrease in 2017

STAFF |

Maine’s Bureau of Insurance approved a 4.3% decrease in workers’ compensation loss costs, which is expected to result in approximately $9.5 million in expected savings for Maine...

Unum's charitable giving exceeds $3.7M in Maine

STAFF |

Unum and its employees contributed more than $3.7 million last year to nonprofit organizations throughout Maine, part of more than $12.4 million in total charitable support from the company in the...

Leading Maine firms put $200K toward first state startup accelerator

Lori Valigra |

Portland-based MaineHealth and disability insurer Unum US will each provide $100,000 and other support to collaborate with Portland startup accelerator Venture Hall on its inaugural startup...

Community Health Options ends 2016 with a loss

James McCarthy |

Community Health Options, the Lewiston-based nonprofit health insurer created under the Affordable Care Act, ended 2016 with preliminary total net losses of $58.3 million, according to a report...

Unum's on a fast-growth trajectory

Lori Valigra |

Unum US, with the recent acquisition of dental and vision products and plans for additional supplemental insurance, is poised to continue the exponential growth that boosted aggregate sales by more...

Maine Bureau of Insurance recovers close to $1M for consumers

Maine residents made 6,007 calls to the Maine Bureau of Insurance in 2016 and filed 790 complaints related to a wide range of insurance-related issues. Investigations into some of those complaints...

State regulators issue advisory on drone insurance

STAFF |

Maine regulators advised drone operators that in addition to registering their drone with the Federal Aviation Administration, they would be wise to carry insurance even though it's not required.

Clark Insurance now 100% employee owned

Peter Van Allen |

Clark Insurance, which started making the transition to employee ownership in 1992, is now 100% employee owned.

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