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Insurance

State regulators issue advisory on drone insurance requirement

STAFF |

Maine regulators warned drone operators Wednesday that they are required to carry insurance.

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.

P&C Insurance names Fearon as president

P&C Insurance, formerly Paquin & Carroll Insurance, announced Tuesday that Josh Fearon has been promoted to president, succeeding Roland Eon, who is retiring.

Cioppa elected VP of national insurance commissioners group

STAFF |

Maine's Insurance Superintendent Eric Cioppa has been elected vice president of the National Association of Insurance Commissioners for 2017 after having served as the NAIC's secretary-treasurer...

MEMIC's first and only CEO to step down next year

John T. Leonard, who has led Portland-based MEMIC Group since its founding in 1993, will retire in September 2017, the company said Wednesday.

Cross Insurance acquires Massachusetts firm

Cross Insurance, a subsidiary of Cross Financial Corp., has acquired Pittsfield, Mass.-based Colt Insurance, an independent agency founded 80 years ago by Samuel Colt.

Patriot Insurance starts work at former motel site

YARMOUTH — After 10 months under contract, Patriot Insurance Co.'s purchase of Down-East Village Motel and Restaurant at 705 U.S. Route 1 was finalized Oct. 14.

Federal judge: Community Health Options' $23M lawsuit can proceed

James McCarthy |

A federal judge ruled Friday that Lewiston-based health insurer Community Health Options can proceed with its $22.9 million lawsuit against the federal government seeking payments it says it is owed...

Trump's vow to repeal ACA leaves uncertainty for covered Mainers

One of President-elect Donald Trump's campaign promises was to ask Congress to repeal the Affordable Care Act during his first day of office. Now 84,000 Maine residents that have insurance coverage...

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.

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