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Insurance

Maine among most affordable states for auto, homeowners insurance

STAFF |

For the fifth consecutive year Maine ranked third nationally for lowest average auto insurance premiums, according to recently released reports by the National Association of Insurance Commissioners.

MEMIC named 'best workers' comp company' in America

STAFF |

The MEMIC Group is ranked the top workers' compensation company in the United States by ACORD, the global standards-setting body for the insurance industry.

Chalmers Insurance passes the torch to next generation

STAFF |

Bruce and Bill Chalmers have transferred ownership of the Chalmers Insurance Group to the fourth generation of Chalmers family members, Jim Chalmers and Dottie Chalmers Cutter, effective Jan. 1.

Patriot Insurance opens new headquarters in Yarmouth

STAFF |

The opening of Patriot Insurance's new headquarters on U.S Route 1 is the latest in a series of recent business development in Yarmouth that includes Tyler Technologies' $28 million expansion.

MEMA assessing storm damage to see if Maine qualifies for federal relief

STAFF |

Maine Emergency Management Agency deployed seven teams to 14 Maine counties Thursday to begin assessing damages from the Oct. 29-30 windstorm that caused nearly 500,000 power outages throughout the...

MMG Insurance makes pledge in support of Husson’s $16M building project

STAFF |

MMG Insurance, a regional property and casualty insurance company headquartered in Presque Isle, has pledged $50,000 in support of the proposed new Husson College of Business building on the...

Cross Insurance acquires the Holden Agency and its benefits division

STAFF |

Bangor-based Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has acquired the Holden Agency and its benefits division,...

Chicago-based brokerage buys second Maine insurance agency

MAUREEN MILLIKEN |

Chicago-based Hub International Ltd. has acquired the assets of a second Cumberland insurance agency. The 400-office brokerage bought Graffam Insurance Group, the brokerage reported Tuesday.

Blue Heron likes what it sees in STARC Systems

mainebiz staff |

STARC Systems, a Brunswick company that makes sound-deadening construction barriers for hospital work environments, secured $3.5 million in investment.

Safety pays off: MEMIC issuing record $21M dividend to employers

STAFF |

The MEMIC Group announced Tuesday that it will issue a record policyholder dividend this November of $21 million to approximately 18,000 Maine employers.

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