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.
advertisement
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
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, Local & State
Gardiner business owners gut-punched by flood insurance revelations
They had no reason to believe their insurance policies wouldn’t cover flood damage. Now they are on the hook for tens of thousands of dollars in repairs.
Posted inHealth, Local & State, News
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%.
Posted inBusiness, Nation & World
Ian deals blow to Florida’s teetering insurance sector
Even before last week’s hurricane, Florida’s home insurance market was dealing with billions of dollars in losses from a string of natural disasters, rampant litigation and increasing fraud.