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MEMIC named Maine’s ‘insurance company of the year’

Staff |

Members of the Maine Insurance Agents Association presented its “Insurance Company of the Year” award to MEMIC at the association’s recent Young Agents Sales & Leadership Conference.

Unum acquires California dental HMO

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Insurance provider Unum Group (NYSE: UNM), which employs 2,800 people in Maine, has acquired Jaimini Health Inc., a dental health maintenance organization headquartered in Rancho Cucamonga, Calif.

Maine State Chamber honors John Leonard with its most prestigious award

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John T. Leonard, who stepped down in September 2017 after a 24-year tenure as president and CEO of The MEMIC Group, has received the Maine State Chamber of Commerce’s most prestigious award for...

Old Orchard Beach appeals flood insurance rate map changes

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Old Orchard Beach filed a formal appeal of the proposed Federal Emergency Management Agency flood plain map on Oct. 26.

Car crashes rise in first states with retail sales of recreational marijuana

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Crashes are up by as much as 6% in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven't legalized marijuana for recreational use, new research from the Insurance...

Acadia Insurance to pay $1.4M in dividends to logging contractors

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Acadia Insurance, a W. R. Berkley company recently, announced that it will pay more than $1.4 million in premium dividends to eligible policyholder members of the Professional Logging Contractors of...

Owner says Mechanic Falls mill was uninsured at time of blaze

Charles Starbird, owner of the former Marcal Paper Mill that was destroyed by fire on Sunday, told the Lewiston Sun Journal he did not have insurance on the buildings.

Safety pays: MEMIC issues record $22M in dividends to Maine employers

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More than 17,000 Maine employers will receive a record $22 million in dividends this November from MEMIC Group, the state's leading workers' compensation insurer.

As Clark Insurance expands in new HQ, its former HQ is sold

Laurie Schreiber |

The sale of the Clark Insurance building at 2385 Congress St. in Portland went quickly once the sellers decided the market was right to sell the building.The building sold for $2.832 million in a...