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Insurance

Health insurance questions drive some companies to self-insure

Some mid-size companies are opting to self-insure their employees rather than contract with a third-party insurance provider.

Insurer sues Electricity Maine to avoid potential costs from class-action suit

An insurance company has filed a lawsuit against Electricity Maine seeking to avoid potential costs or damages that could result from a separate class-action lawsuit filed against the Auburn retail...

Cross Insurance acquires another Mass. insurance agency

STAFF |

Cross Insurance, a subsidiary of Bangor-based Cross Financial Corp. and one of the largest independent insurance providers in New England, has acquired its 16th Massachusetts insurance agency.

State picks Anthem to administer insurance plan for state employees

Anthem Blue Cross and Blue Shield was selected by the state to administer a $5.5 million annual contract to oversee the health insurance plan for 28,000 current and former state employees and their...

Harvard Pilgrim awards five ‘Quality Grants’ in Maine

Five physician practices in Maine are among 14 providers in Massachusetts, Maine and New Hampshire that will receive grants this year from Harvard Pilgrim Health Care’s Quality Grants Program.

MEMIC names Bourque as next president and CEO

STAFF |

The board of directors for workers' compensation specialists The MEMIC Group named company veteran Michael P. Bourque as its president and CEO. He will succeed John T. Leonard, who is retiring later...

Cross Insurance acquisition expands its Massachusetts footprint

STAFF |

Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, continues to grow its presence in Massachusetts with the purchase of the...

Poliquin explains vote, but Collins has questions about AHCA bill

James McCarthy |

The Republican-led U.S. House of Representatives on Thursday voted 217-213 to pass a bill that rolls back major provisions of the Affordable Care Act, sending the measure to an uncertain fate in the...

On the record: Michael Bourque on navigating new workplace challenges

Maureen Milliken |

Michael Bourque, senior vice president of external affairs at the Maine Employers Mutual Insurance Co., better known as MEMIC, is busy navigating changes in laws,...

FEMA issuing revised flood insurance rate maps

STAFF |

The Federal Emergency Management Agency announced Monday it will be releasing flood insurance rate maps, including revised preliminary maps and flood insurance studies for York and Cumberland...

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