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Insurance
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Workers’ comp premiums to decrease in 2017
April 3, 2017Maine'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 businesses.
April 3, 2017Unum's charitable giving exceeds $3.7M in Maine
March 24, 2017Unum 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 United States, the United Kingdom and Ireland.
March 24, 2017
Leading Maine firms put $200K toward first state startup accelerator
February 9, 2017Portland-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 accelerator program this summer.
February 9, 2017
Community Health Options ends 2016 with a loss
February 7, 2017Community 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 issued Monday by the Maine Bureau of Insurance.
February 7, 2017
Unum's on a fast-growth trajectory
February 6, 2017Unum 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 than $600 million over the past five years.
February 6, 2017Maine Bureau of Insurance recovers close to $1M for consumers
January 31, 2017Maine 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 resulted in $969,769 in recovered funds, according
January 31, 2017State regulators issue advisory on drone insurance
January 19, 2017Maine 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.
January 19, 2017Clark Insurance now 100% employee owned
January 5, 2017Clark Insurance, which started making the transition to employee ownership in 1992, is now 100% employee owned.
January 5, 2017
P&C Insurance names Fearon as president
January 4, 2017P&C Insurance, formerly Paquin & Carroll Insurance, announced Tuesday that Josh Fearon has been promoted to president, succeeding Roland Eon, who is retiring.
January 4, 2017
Cioppa elected VP of national insurance commissioners group
December 22, 2016Maine'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 during 2016.
December 22, 2016
MEMIC's first and only CEO to step down next year
December 15, 2016John T. Leonard, who has led Portland-based MEMIC Group since its founding in 1993, will retire in September 2017, the company said Wednesday.
December 15, 2016
Cross Insurance acquires Massachusetts firm
December 15, 2016Cross Insurance, a subsidiary of Cross Financial Corp., has acquired Pittsfield, Mass.-based Colt Insurance, an independent agency founded 80 years ago by Samuel Colt.
December 15, 2016
Federal judge: Community Health Options' $23M lawsuit can proceed
December 5, 2016A 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 under the Affordable Care Act's "risk corridors"
December 5, 2016
Patriot Insurance starts work at former motel site
December 4, 2016YARMOUTH — 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.
December 4, 2016
Trump's vow to repeal ACA leaves uncertainty for covered Mainers
November 10, 2016One 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 through the ACA may be wondering what happens next.
November 10, 2016MEMIC issues $20M dividend to Maine policyholders
October 4, 2016Portland-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.
October 4, 2016
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