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Insurance

  • Saco insurance co. sold, others formed

    The Mainebiz News Staff January 3, 2011

    State insurance regulators have approved the sale of a Saco insurance firm to an out-of-state company and licensed two new companies to do business in the state.

    The Mainebiz News Staff January 3, 2011

  • Maine nets $500K in AIG settlement

    Mainebiz News Staff December 30, 2010

    American International Group Inc. must pay Maine $500,000 in fines as part of its $100 million settlement to insurance regulators in all 50 states after a probe revealed that the insurance corporation violated workers' compensation rules.

    Mainebiz News Staff December 30, 2010

  • MEMIC doles out $11M in dividends

    The Mainebiz News Staff September 29, 2010

    MEMIC, a Portland-based workers' compensation insurance company, will pay an $11 million dividend to about 20,000 Maine businesses, an increase of $1 million over what the company paid policyholders last year.

    The Mainebiz News Staff September 29, 2010

  • State grants 14%, not 23%, Anthem rate hike

    The Mainebiz News Staff September 7, 2010

    The state's insurance superintendent has granted Anthem a 14% rate increase for individual policies, less than the 23% the company originally requested.

    The Mainebiz News Staff September 7, 2010

  • Grant targets health insurance premium hikes

    August 17, 2010

    The state of Maine is receiving a $1 million grant from the federal government to help rein in health insurance premiums.

    August 17, 2010

  • Kofman seeks health care waiver

    The Mainebiz News Staff July 16, 2010

    Maine's insurance chief is asking the federal government to waive a provision of the health reform law, arguing it could drive away one of the state's insurance providers.

    The Mainebiz News Staff July 16, 2010

  • Varney Agency, celebrity loggers launch niche venture

    Doug Kesseli July 15, 2010

    A Bangor-based insurance company and a logging operation from Millinocket featured in a television series have formed a joint venture aimed at bolstering the logging industry here in Maine and across the country.

    Doug Kesseli July 15, 2010

  • Employers to pay less for workers' comp

    The Mainebiz News Staff June 16, 2010

    Maine employers will pay the lowest assessment in more than a decade to fund the state Workers' Compensation Board.

    The Mainebiz News Staff June 16, 2010

  • Revised flood map good news for waterfront development

    The Mainebiz News Staff June 8, 2010

    After months of collaboration with Portland officials, the Federal Emergency Management Agency has agreed to a new flood map of Portland Harbor that will allow for future development of the area.

    The Mainebiz News Staff June 8, 2010

  • Institute lauds family-owned businesses

    The Mainebiz News Staff May 18, 2010

    Three family-owned businesses took home honors last night at the 2010 Maine Family Business Awards held at the Marriott at Sable Oaks in South Portland.

    The Mainebiz News Staff May 18, 2010

  • State targets health insurance scammer

    The Mainebiz News Staff May 18, 2010

    State regulators are cracking down on a Tennessee company providing fraudulent health insurance plans and have ordered the company to pay $1.2 million in penalties.

    The Mainebiz News Staff May 18, 2010

  • Anthem to appeal rate increase decision

    The Mainebiz News Staff May 14, 2010

    Anthem is appealing a Superior Court ruling that upheld limiting the insurance company's premium hike to 10.9%.

    The Mainebiz News Staff May 14, 2010

  • Portland insurance co. seeks to grow

    Robert M. Cook May 4, 2010

    Jarrod Maxfield is blessed with a great opportunity accompanied by a very difficult challenge.

    Robert M. Cook May 4, 2010

  • Judge rejects Anthem rate appeal

    The Mainebiz News Staff April 23, 2010

    A Maine Superior Court judge has upheld Insurance Superintendent Mila Kofman's decision to deny Anthem a rate increase of 18.1%.

    The Mainebiz News Staff April 23, 2010

  • Petition changes, insurance caps OK'ed

    The Mainebiz News Staff March 30, 2010

    Organizations who run petition campaigns to place ballot questions before voters will have to register with the Secretary of State in Augusta if they receive any compensation.

    The Mainebiz News Staff March 30, 2010

  • Anthem fights state over rate hike

    The Mainebiz News Staff March 25, 2010

    Anthem Blue Cross and Blue Shield yesterday asked a Cumberland County Superior Court judge to overturn a ruling over rate increases.

    The Mainebiz News Staff March 25, 2010

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Today's Poll

Do your plans call for vacationing in Maine this summer?
Poll Description

Summer is in full swing, and many readers are thinking about where to go next.

Maine often tops the list with its stunning coastline, fresh seafood, peaceful forests and charming small towns. Maine is known as Vacationland for a reason.

Not surprisingly, many people who live in Maine also vacation here. 

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