MEMIC's Michael Bourque elected to NCCI Board of Directors
(Portland, ME) - Michael P. Bourque, president and chief executive officer of The MEMIC Group, has been elected to the board of directors of the National Council on Compensation Insurance (NCCI). Founded in 1923, the mission of NCCI is to foster a healthy workers' compensation system. NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. The organization provides its advisory services to 35 states throughout the nation.
The MEMIC Group is rated A (Excellent) by A.M. Best with nearly $1.5 billion in assets and writing more than $400 million in workers' compensation premium in 2019. The company, a workers' compensation specialty insurer, is headquartered in Portland, Maine, and maintains regional offices in New Hampshire, Connecticut, New York, New Jersey, Pennsylvania, Virginia and Florida.
A resident of Portland, ME, Bourque has nearly 25 years of experience in the workers' compensation insurance line and is active in related national industry associations. He is a graduate of the University of Maine and serves on its Board of Visitors. In addition, he serves on the boards of MEMIC, MEMIC Indemnity Company, MEMIC Casualty Company, the Maine State Chamber of Commerce, the United Way of Greater Portland and serves on the Steering Committee of Focus Maine.
The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and parent company Maine Employers’ Mutual Insurance Company; all rated “A” (Excellent) by A.M. Best. As a super-regional workers’ compensation specialty insurer, The MEMIC Group holds licenses to write workers’ compensation across the country. The group insures more than 21,000 employers and their estimated 300,000 employees, and holds more than $1.4 billion in assets. The group maintains offices in Manchester, NH; Glastonbury, CT; Albany, NY; Weehawken, NJ; West Conshohocken, PA; Tysons Corner, VA; and Tampa, FL; in addition to its headquarters in Portland, ME.