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Insurance

Geico enters Maine market with new Portland office

Staff |

Geico, the nationwide insurance company owned by Warren Buffett's conglomerate Berkshire Hathaway Inc., has opened its first office in Maine, staffed by seven licensed agents.

Insurance: Clark Insurance's COO is betting on a strong year

William Hall |

Insurance is by definition a calculated risk, so Jeff Lind, COO at Clark Insurance, hedges his bets when he predicts what the year may hold for the state's businesses. Still, he can't...

Maine ACA enrollment down 5.5% from 2018

Staff |

Enrollment in Maine's Affordable Care Act marketplace for 2019 is down 5.5%, with 71,577 people enrolling by Saturday's deadline. By comparison, 75,089 Mainers enrolled for ACA health insurance in...

MEMIC named Maine’s ‘insurance company of the year’

Staff |

Members of the Maine Insurance Agents Association presented its “Insurance Company of the Year” award to MEMIC at the association’s recent Young Agents Sales & Leadership Conference.

Unum acquires California dental HMO

Staff |

Insurance provider Unum Group (NYSE: UNM), which employs 2,800 people in Maine, has acquired Jaimini Health Inc., a dental health maintenance organization headquartered in Rancho Cucamonga, Calif.

Maine State Chamber honors John Leonard with its most prestigious award

Staff |

John T. Leonard, who stepped down in September 2017 after a 24-year tenure as president and CEO of The MEMIC Group, has received the Maine State Chamber of Commerce’s most prestigious award for...

Old Orchard Beach appeals flood insurance rate map changes

Staff |

Old Orchard Beach filed a formal appeal of the proposed Federal Emergency Management Agency flood plain map on Oct. 26.

Car crashes rise in first states with retail sales of recreational marijuana

Staff |

Crashes are up by as much as 6% in Colorado, Nevada, Oregon and Washington, compared with neighboring states that haven't legalized marijuana for recreational use, new research from the Insurance...

Acadia Insurance to pay $1.4M in dividends to logging contractors

Staff |

Acadia Insurance, a W. R. Berkley company recently, announced that it will pay more than $1.4 million in premium dividends to eligible policyholder members of the Professional Logging Contractors of...

Owner says Mechanic Falls mill was uninsured at time of blaze

Charles Starbird, owner of the former Marcal Paper Mill that was destroyed by fire on Sunday, told the Lewiston Sun Journal he did not have insurance on the buildings.

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