Hundreds of Mainers received a frightening scare just before Halloween.
insurance
Posted inBusiness, Local & State, News
40,000 Mainers’ Medicare Advantage plans will be canceled next year
Insurance companies are scaling back Medicare Advantage offerings and leaving some parts of the state, insurance regulators announced Friday.
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Posted inBusiness, Local & State, News
Maine approves 9.6% rate reduction for workers’ comp premiums
The news is expected to save businesses money at a time of growing economic uncertainty.
Posted inLocal & State, News
Maine must prepare for storms and climate change, lawmakers told
A proposal formed in the wake of last winter’s back-to-back storms to help communities prepare for bad weather and climate change was presented at a legislative hearing on Thursday.
Posted inBusiness, Local & State
While home insurance rates spike elsewhere, Maine leads country in stability
Maine has been the least impacted by climate change-fueled insurance rate increases nationwide, a new report finds.
Posted inBusiness, Nation & World, News
Maui wildfire survivors say insurers are failing to clean up toxic damage to their homes
Dangerous fire residue contaminated nearly everything in homes that didn’t burn.
Posted inBusiness, Nation & World, News
Nonprofit’s $500 grants help cut residents’ home insurance costs after wildfire
Five years after the 2018 Camp Fire killed 85 people and destroyed 90% of the homes here, residents of Paradise, California, face a new struggle: Finding homeowner’s insurance.
Posted inBusiness, Local & State, News
Maine home insurance rates are rising. Blame climate change.
More frequent and intense weather extremes and rising sea levels will drive up Maine home insurance premiums by 19% this year, the second-highest increase in the U.S., a recent report says.
Posted inBusiness, Cops & Courts, News
Saco roofing contractor cited for safety violations is accused of failing to provide workers’ comp
Found not guilty of workplace manslaughter after a roofer fell to his death in 2018, Shawn Purvis was back before a judge Wednesday, this time facing charges from the Maine Workers’ Compensation Board.
Posted inBusiness
Senate report blasts high-end life insurance plans as $40 billion ‘tax dodge’
The report sheds new light on a long-obscure segment of the insurance market and signals a possible new front for Democrats on tax legislation.