The company has remained silent on its reasons for asking state regulators to allow age-based rate increases.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Maine, News
Maine home sales, median price up again in June
Sales of existing single-family homes were up nearly 10 percent, and the median price rose by 5.5 percent.
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Posted inBusiness, Maine, News
Maine legislator submits bill to ban auto insurance hikes based solely on getting older
In Progressive’s hypothetical example, a 64-year-old person could be charged 6 percent more for having another birthday.
Posted inBusiness
With its bankruptcy concluded, Verso stock begins trading again
The papermaker, which employs 560 in Jay, was relisted Monday and saw mild trading Tuesday on the New York Stock Exchange.
Posted inNews
Waterville legislator aims to block attempt to raise car insurance rates for older drivers
Rep. Henry Beck responds to an effort by Progressive Corp. to seek state approval for rate increases based on advanced age.
Posted inBusiness, Maine, News
Auto insurer asks to raise rates of Maine seniors based solely on age
Progressive’s proposal for older Mainers may be unprecedented nationally and conflicts with the safety record of elderly drivers.
Posted inBusiness, Maine, News
Widening of Maine Turnpike won’t require borrowing, toll increases
Record traffic and revenue have put the Maine Turnpike Authority in a position to withstand the cost of upcoming projects.
Posted inBusiness
Crushing it: Clynk redemption service expands to New York, doubles its business
The South Portland-based company is opening 51 drop-off centers in upstate New York.
Posted inBusiness, Maine
Britain’s EU exit to shake up Maine’s imports, exports, tourism
Some see a short-term boost, but acknowledge that economic uncertainty cannot be good for any business.
Posted inBusiness, News
Maine existing-home sales jump 25 percent from a year ago
High demand and low interest rates fuel the May surge and the 2.8 percent rise in the median price.