Maine Bureau of Insurance News

Maine Reminds Reopening Businesses to Comply with Insurance Contract Terms

Maine Superintendent of Insurance Eric Cioppa has reminded business owners of the importance of complying with the terms of their insurance policies as they begin the reopening process. As businesses reopen, Cioppa said they should consider Governor Janet Mills’ COVID-19 …

Maine Insurance Superintendent Encourages All Mainers to Purchase Flood Coverage

Maine Insurance Superintendent Eric Cioppa is encouraging all Mainers to consider purchasing flood insurance, even those who live outside of federally designated flood zones, as the 2020 Atlantic hurricane season is underway. The Atlantic hurricane season officially runs between June …

Allstate Announces $1.3M Shelter-in-Place Payback to Mainers

Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company plans to return more than $600 …

Maine Denies Progressive’s Appeal to Raise Premiums for Older Drivers

Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …

Maine Obtained $1.5M in Recoveries for Consumers, Businesses in 2015

Cases filed with the Maine Bureau of Insurance in 2015 resulted in nearly $1.5 million in recovered funds for Maine residents, according to Maine Insurance Superintendent Eric Cioppa. More than $1.2 million was recovered by the Bureau’s Consumer Health Care …

Maine Issues Bulletin on Insurance Scoring, Adverse Action Notices

The Maine Bureau of Insurance recently issued a bulletin advising insurers in the state that use credit information in underwriting or rating personal insurance policies. The bulletin examined the topic of insurance scoring and adverse action notices. Maine Insurance Superintendent …

Maine Bureau of Insurance Recovered $3.4M for Consumers in 2014

Maine Insurance Superintendent Eric Cioppa said the state Bureau of Insurance recovered nearly $3.4 million on behalf of Maine consumers and businesses in 2014. More than $2.4 million was recovered for consumers by the Bureau’s Consumer Health Care Division, and …

Maine Insurance Bureau Announces New Online Auto, Homeowners Resources

Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

Maine’s Insurance Rates Lowest in New England, Gov. LePage Says

Maine’s Republican Gov. Paul LePage’s administration says Maine’s auto and homeowners insurance rates are the lowest in New England and among the lowest in the country. The Maine Bureau of Insurance is pointing to recently released reports from the National …

Maine Bureau of Insurance Recovered Nearly $2M for Consumers in 2013

Maine’s Bureau of Insurance obtained nearly $2 million in recoveries and required payments on behalf of Maine consumers in 2013, officials said Tuesday. More than $1.5 million was recovered for consumers by the Bureau’s Consumer Health Care Division, and almost …