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Insurance

  • Cross Insurance buys Bangor arena naming rights

    July 23, 2012

    The 8,000-seat arena under construction in Bangor will be named the Cross Insurance Center when it's completed next fall. The Bangor-based company paid $3 million for long-term naming rights for the facility.

    July 23, 2012

  • What the Affordable Care Act ruling means to Maine business

    James McCarthy July 23, 2012

    Rick Dacri, owner of a Kennebunkport-based consulting firm that advises businesses on work force issues, says his client list ranges from Fortune 500 companies to nonprofits employing fewer than 10 people.

    James McCarthy July 23, 2012

  • Bureau goes after insurance fraud scheme

    July 3, 2012

    The state has issued cease-and-desist orders to four companies doing business in Maine because of their involvement in a fraudulent health insurance scheme.

    July 3, 2012

  • Anthem seeks rate increase

    Matt Dodge June 11, 2012

    Anthem Health Plans of Maine is planning a 1.7% overall rate increase on its individual policies for the 2012 plan year, which begins July 1.

    Matt Dodge June 11, 2012

  • Anthem files for 1.7% rate increase

    May 31, 2012

    Anthem Health Plans of Maine is planning a 1.7% overall rate increase on its individual policies for the 2012 plan year, which begins July 1.

    May 31, 2012

  • Six companies honored for manufacturing, service work

    May 15, 2012

    Gov. Paul LePage yesterday presented six Maine companies with a 2012 Governor's Award for Business Excellence.

    May 15, 2012

  • Reinsurance provider to add 45 jobs in South Portland

    April 24, 2012

    South Portland-based Custom Disability Solutions, a group disability reinsurance provider, plans to hire more than 45 new employees as part of an expansion of its claims management operations.

    April 24, 2012

  • Workers' comp, unemployment bills signed

    April 19, 2012

    Gov. Paul LePage yesterday signed three bills he said will reduce the cost of doing business in Maine, though Democrats and labor groups said the measures hurt workers’ rights and security.

    April 19, 2012

  • Bangor company Red Sox ‘official insurance broker'

    April 16, 2012

    Bangor-based Cross Insurance has signed a two-year partnership with the Boston Red Sox to be the franchise's official insurance broker.

    April 16, 2012

  • Maine to receive $770K in $9.9M settlement with insurance company

    April 4, 2012

    An insurance company that engaged in unlicensed and unregistered brokerage activity in Maine and three other states has agreed to pay a $9.9 million settlement, the state Office of Securities said in a press release.

    April 4, 2012

  • Court rejects Anthem appeal over rate increase

    February 29, 2012

    The Maine Supreme Judicial Court has again rejected an appeal from Anthem over its desired insurance premium rate increase for 2011-2012.

    February 29, 2012

  • Flat rate increases, limited market spur MEMIC expansion

    December 26, 2011

    Maine's largest provider of workers' compensation insurance is embarking on an expansion plan to push out its southern borders and launch multiple subsidiaries.

    December 26, 2011

  • MEMIC acquires Vermont insurer, plans expansion

    December 20, 2011

    Workers' compensation insurer The MEMIC Group announced today it has acquired a Vermont-based insurer and also plans to expand its operations to Pennsylvania and New Jersey next year.

    December 20, 2011

  • MEMIC doles out $12M in dividends

    The Mainebiz News Staff October 11, 2011

    Portland-based workers' compensation insurer The MEMIC Group is returning $12 million to about 19,000 Maine employers.

    The Mainebiz News Staff October 11, 2011

  • Plan details health insurance exchange

    The Mainebiz News Staff September 27, 2011

    An advisory panel yesterday presented its report outlining the creation of Maine's health insurance exchange, as required by the federal health insurance overhaul, but not all lawmakers were happy with the result.

    The Mainebiz News Staff September 27, 2011

  • N.H. firm added to Cross' roster

    The Mainebiz News Staff September 21, 2011

    Bangor-based Cross Insurance has made another acquisition, this time in New Hampshire, marking its seventh acquisition in 2011.

    The Mainebiz News Staff September 21, 2011

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Today's Poll

What's your mode of transportation for Thanksgiving?
Poll Description

Sponsored by Kennebunk Savings Bank

For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.

AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1. 

Of those travelers, 73 million will go by car — up 1.3 million from a year ago.  

With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.) 

Another 2.5 million people will travel by bus, train or cruise ship.

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