insurance
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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 3, 2023
Home insurers cut natural disasters from policies as climate risks grow
Major insurers say they will cut out damage caused by hurricanes, wind, and hail from policies underwriting property along coastlines and in wildfire country, according to a voluntary survey conducted by the National Association of Insurance Commissioners.
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PublishedOctober 5, 2022
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.
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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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PublishedMay 13, 2022
New Yorkers, Floridians pay most – and Mainers least – for auto insurance
The tally, based on Bankrate.com’s annual report, compared what 40-year-old drivers with clean driving records and good credit pay across all 50 U.S. states and Washington D.C.
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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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PublishedOctober 1, 2021
The price of living near the shore is already high. Insurance is about to go through the roof.
Plus, like the climate threat, the cost increase for flood insurance will reach far beyond the coast, to inland states where waterways overflow during heavy rains.
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