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Insurance
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Investment agency shut down
November 16, 2009The Bureau of Insurance has yanked the license of a Portland insurance investment agent, citing deceptive, untrustworthy and incompetent conduct.
November 16, 2009
Northern exposure | Matt McHatten, Senior VP of external operations, MMG Insurance, Presque Isle
October 19, 2009Matt McHatten loves to gaze out the window of his office in the newly renovated MMG Insurance complex in Presque Isle.
October 19, 2009
Comp fees spark debate before board
October 5, 2009When St. Mary’s Regional Medical Center in Lewiston billed Bath Iron Works $106,596 for treating a pair of injured workers, BIW balked, citing price caps in federal law. St. Mary’s sued and in August, St. Mary’s won.
October 5, 2009MEMIC doles out $10M to ME employers
September 22, 2009MEMIC, the workers' compensation insurer in Portland, said yesterday that it will pay a dividend totaling $10 million to about 20,000 Maine employers this November.
September 22, 2009
Banks grapple with FDIC spikes
September 8, 2009For several years leading up to 2007, Bangor Savings Bank paid no insurance premiums to the Federal Deposit Insurance Corp. But last year it paid about $1.4 million, and this year the bank forked over around $3.1 million.
September 8, 2009
Paying a premium | Maine insurers try to stay one step ahead of rate hikes related to weather and climate change
August 24, 2009Rising sea levels, melting glaciers, ferocious weather patterns — climate change at the rate it may be occurring is unprecedented.
August 24, 2009Court rules against BIW in workers' comp case
August 20, 2009The Maine Supreme Court has ruled against Bath Iron Works in a workers' compensation case that underscores frustration in Maine's business community with the absence of set reimbursement fees under the state's workers' comp law.
August 20, 2009
Branding prods new era for insurers
July 27, 2009Last month, a call to the insurance agency at 19 Congress St. in Rumford was answered with a crisp “Hello, Western Maine Insurance, a United Insurance Group agency.” Now a caller is greeted with “Hello, United Insurance, Western Maine agency.”
July 27, 2009MassMutual opens Maine office
July 21, 2009Massachusetts Mutual Life Insurance Co. of Springfield, Mass., has just opened a new office in South Portland with plans to hire up to 20 workers.
July 21, 2009Allstate closing claims center
May 28, 2009Allstate is closing its claim processing center in South Portland, the effect of a companywide effort to consolidate claims processing in Pennsylvania.
May 28, 2009Northeast acquires another insurance agency
May 22, 2009Northeast Bank has scooped up another insurance agency in southern Maine, its 8th acquisition in a little over two years.
May 22, 2009Kofman denies Anthem request
May 19, 2009Maine's superintendent of insurance denied a rate increase request from Anthem Blue Cross Blue shield yesterday, calling the proposed rates "excessive and unfairly discriminatory."
May 19, 2009Workers' comp rate expected to go down
December 2, 2008Workers' compensation premiums are expected to go down for Maine employers next year thanks to fewer workplace accidents in the state.
December 2, 2008Insurance chief serves notice to private insurers
November 17, 2008Maine's new insurance superintendent called for tighter oversight of companies and clearer communication with the consumer in an address she delivered Sunday night in Skowhegan.
November 17, 2008
Wisdom at work | Dave Tomm, President, Seasoned Workforce, Rockland
October 20, 2008At 68 years old and still working, Dave Tomm understands the desire to forgo retirement, and how hard it can be for Maine’s older workers to find jobs.
October 20, 2008Insurer, hospital reach deal
October 1, 2008Anthem Blue Cross and Blue Shield has agreed to keep Maine Coast Memorial Hospital in its network of health care providers through the end of 2009 after threatening not to renew the contract.
October 1, 2008
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