The Maine Bureau of Insurance has approved a 15.7% average rate reduction in workers’ compensation insurance premiums for Maine Employers’ Mutual Insurance Co. (MEMIC), the largest workers’ compensation carrier in the state. The bureau said MEMIC’s rate reduction will save …
The MEMIC Group, headquartered in Portland, Maine, has promoted three veteran team members to key managerial roles. Janine Bard has been promoted to director of claims, Maine region. Bard started as a compensation specialist in 2002 before being promoted to …
Maine Employers’ Mutual Insurance Company has returned $21 million to Maine employers insured by the workers’ compensation provider. About 18,000 employers in the state will see insurance returns from the Portland-based insurer. MEMIC president Michael Bourque attributes the lower costs …
The MEMIC Group has appointed three underwriters for its territories in Virginia, Maryland and Florida. Timothy Cook, Michael Diamond and Scott Meinke joined the group’s underwriting team as senior production underwriters. Cook brings 30 years of experience in the insurance …
Workers’ compensation insurer The MEMIC Group announced this week that policyholders of its Maine-based company, Maine Employers’ Mutual Insurance Company (MEMIC), will receive dividend checks totaling more than $16 million this November, a record amount for the company. The announcement …
