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Workers' Compensation Act of 1992 signed into law by Gov. McKernan
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MEMIC Offically opens for business.
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Partnership for Workplace Safety campaign launched.
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Move from Westbrook to 261 Commercial Street, Portland.
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At the start of the second year, providing insurance to more than 24,000 employees.
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MEMIC announces rate reductions, the first in Maine in 35 years.
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Statewide injury reduction announced, predicts double digit rate decrease.
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Certified Logging Professional Program intriduced statewide.
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End of capitalization charge to policyholders.
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Rate reduction of 8.2% announced; statewide injuries fell to 14,000.
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MEMIC announces third consecutive year of rate reductions.
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First public viewing of WWW.MEMIC.COM
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(Portland, Maine: January 5, 1998) - Maine Employers' Mutual Insurance Company, the state's largest workers' compensation insurance carrier announced today that it has dropped its overall average cost of insurance by 12.2% according to John Leonard, President & CEO. The new rates, effective as of January 1, 1998, are coincidental with the company's fifth anniversary of serving as the keystone to Maine's workers' compensation insurance market.
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PORTLAND, Maine) - The nearly 20,000 employers insured by Maine Employers' Mutual will soon be able to secure workers' compensation insurance coverage for their employees who work out of state through MEMIC, the state's largest workers' compensation insurance carrier. Thanks to the sponsorship and signature of Governor Angus King, a recently passed legislative measure authorizes MEMIC to establish a subsidiary to write workers' compensation in other states.
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(Portland, Maine)-- More than 32,000 Maine employers will soon receive their first distribution of the capital each contributed to help fund the start-up of Maine Employers' Mutual Insurance Company (MEMIC) according to John Leonard, President and Chief Executive Officer of the state's largest workers' compensation insurance company. The announcement was made today at the sixth annual meeting of MEMIC policyholders.
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Workers’ Compensation Board study shows MEMIC’s payment record is far better than other insurers
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MEMIC announces a $15.5M return of capital.
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PORTLAND - At its Annual Meeting, Maine Employers' Mutual Insurance Company (MEMIC) made awards to 16 Maine companies for outstanding performance in safety and managing injuries. "These companies are leaders in the state of Maine," MEMIC President and CEO John T. Leonard said. "Because of the commitment made by these employers and their employees, fewer people get hurt and those who are injured on the job have the support they need to recover and return to work."
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Board of Directors vote to disburse another $16M in capital to policyholders.
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MEMIC Indemnity, headquartered in Manchester, NH, writes first policies.
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MEMIC offers $7.7M in
remaining capital contribution
to eligible policyholders;
total return of more than $40M. -
MEMIC named to Ward 50,
top 2% of P/C insurers -
MEMIC announces first-ever
policyholder dividend of $6.0 M. -
MEMIC celebrates
10th Birthday!
