Cost of insurance too high for Maine town to fly American flag

Cost of insurance - American Flag

The smallest town in the state simply doesn’t have adequate liability coverage to honor its military veterans. The town of Randolph, Maine, wanted to honor military veterans by flying American flags. However, the cost of insurance to cover potential liabilities is too high. Therefore, the smallest town in the state will be unable to fly American flags on their utility poles. The liability insurance expense was too high for the budget associated with this project. The Randolph Fire Association held a fundraiser around a year ago. This fundraiser was to…

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You’re still paying less for home and auto insurance if you live in Maine

land rover sport mobile app auto insurance

The state has now held third place for affordable coverage in those categories, for the third year in a row. Residents of Maine have been enjoying some of the most affordable homeowners and auto insurance rates in the country for the last few years, and the latest data has shown that this has not yet changed. The National Association of Insurance Commissioners has ranked Maine in third place for affordability. NAIC ranked the state based on the low cost to purchase homeowners and auto insurance. It has held third place…

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Maine legislators set sights on health insurance issues

Maine Health Insurance

Network coverage problems attract the attention of state lawmakers Maine lawmakers are beginning to look into an issue involving insurance companies and network coverage. Insurers typically have a network of hospitals and health care providers that are approved for coverage under the policies they provide to consumers. This is meant to form a symbiotic relationship between insurers and hospitals, but it can also be somewhat problematic for consumers, especially when network changes are made and the doctors they have been visiting for years are no longer a part of a…

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Maine officials work to raise awareness of health insurance opportunities

Maine Health Insurance

Maine residents may lack access to guidance Guidance concerning health insurance has been difficult for some to attain in Maine since the launch of the state’s insurance exchange in October. Nearly a dozen of the state’s largest communities are located more than 15 miles from navigators that can provide assistance to those interested in applying for coverage through the exchange system. While many consumers can access navigators via phone, navigators themselves have proven to be quite busy and it can be somewhat difficult to get in touch with a counselor…

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Workers compensation in Maine approved for 3.9 percent increase

Workers Compensation Insurance

This is the largest increase that has been approved in the state for at least six years. The Maine Bureau of Insurance has just approved a rate increase of 3.9 percent for the workers compensation coverage in the state, which represents the biggest rise in the price of the coverage in more than half a decade. The primary cause of the increase is due to a rise in health care costs that will arrive on April 1. This, according to the Maine Workers’ Compensation Board executive director Paul Singhinolfi. Back…

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Maine health insurance premiums continue to climb

Health Insurance plans

Main health insurance premiums grow despite more accommodating laws Several states in the U.S. are preparing to adopt and comply with more stringent insurance regulations due to the Affordable Care Act. Maine, however, is breaking this trend by loosening its insurance rules. These rules are often cited for making Maine one of the states with the highest insurance premiums in the country. State officials hope that by being more lenient on insurance companies they will be able to encourage a reduction in premiums and make insurance coverage more affordable for…

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Maine insurance regulators urging consumers to purchase flood insurance before the stormy season begins

The Maine Floodplain Management Program, a state-run initiative that works in tandem with the National Flood Insurance Program, is urging state residents to purchase flood insurance before the stormy season gains momentum. According to state regulators, floods in Maine are often the result of coastal storms that happen near the beginning of spring and during the hurricane season later in the year. Regulators note that while flood insurance is often very affordable, few consumers have policies because they do not think that such disasters will happen to them. March and…

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