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PublishedFebruary 21, 2024
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.
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PublishedSeptember 5, 2023
Drivers squeezed as auto insurance costs soar across the U.S.
Premiums have kept climbing even as other types of inflation have cooled, as vehicle maintenance costs and used car prices has increased recently.
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PublishedSeptember 5, 2023
Mainers with long-term care insurance facing hefty premium increases
Pending rate requests from various insurance policies for long-term care go as high as 152%.
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PublishedSeptember 25, 2022
Thousands more Mainers now have access to dental care, but can’t find a dentist
Even before more than 200,000 adults became eligible for MaineCare's dental benefits this summer, the state was experiencing a dearth of professionals to provide them.
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PublishedSeptember 9, 2022
Royce Cross stepping down as CEO of Cross Insurance, being succeeded by son
Jonathan Cross is the third generation of the Cross family to lead the 68-year-old, Bangor-based insurance provider.
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PublishedMarch 14, 2022
State insurance bureau recovered $1.3 million for Mainers in 2021
The Maine Bureau of Insurance said Monday that it conducted 435 investigations on behalf of insurance customers.
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PublishedNovember 30, 2021
Long-term care insurer in Maine seeks triple-digit rate increases
Genworth Life Insurance Co., with which nearly 4,100 Mainers have policies, is seeking premium increases of up to 178 percent on various plans in 2022.
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PublishedSeptember 18, 2020
Unum lays off 30 workers in Portland as part of larger restructuring
The insurer said it is laying off 120 workers across the company's U.S. operations as it adapts to a shifting insurance market.
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PublishedJune 2, 2020
As hurricane season begins, state regulator urges Mainers to buy flood insurance
Maine Insurance Superintendent Eric Cioppa said scientists are predicting an increase in the number and severity of hurricanes and major storms this year.
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PublishedMay 1, 2020
Maine regulator warns that trip insurance often doesn’t cover pandemic cancellations
Travelers should check the fine print on policies, says Maine Insurance Superintendent Eric Cioppa.
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