A.M. Best Affirms the Ratings of A (Excellent) for the MEMIC Group

PORTLAND, Maine, April 15, 2010 – The MEMIC Group has announced that it has earned affirmation of its A (Excellent) rating from A.M. Best, the insurance industry’s most respected rating organization. After its annual review, Best indicat...

Corporate  •  April 15, 2010

Siegfried Promoted to Assistant VP for Loss Control and Safety

PORTLAND, Maine, January 25, 2010 – Karl Siegfried has been promoted to the post of Assistant Vice President, Loss Control and Safety Services for The MEMIC Group. Siegfried continues to oversee all of the MEMIC Group's loss control opera...

Corporate  •  January 25, 2010

New Maine Law Will Presume All Workers on Construction Sites to Be Employees

PORTLAND, Maine, December 17, 2009 – A new law which takes effect on January 1, 2010 in Maine will presume that all workers on construction sites are employees for purposes of workers' compensation unless they meet a new 12-part test set forth ...

Safety  •  December 17, 2009

MEMIC $10 Million Tour to Deliver Checks to Maine Employers

PORTLAND, ME, November 16, 2009 – Maine-based workers' compensation insurer MEMIC has sent checks totaling $10 million to approximately 20,000 Maine employers this week. The checks are attributed to the company's annual dividend whic...

Financial  •  November 16, 2009

Lamson Promoted to Senior Vice President and Chief Administrative Officer

PORTLAND, Maine, October 12, 2009 – At its quarterly meeting in September, the MEMIC Board of Directors approved the promotion of Catherine F. Lamson to Senior Vice President for Human Resources and Administration, and Chief Administrative...

Corporate  •  October 12, 2009

MEMIC Announces $10M Dividend to Policyholders

PORTLAND, ME, September 22, 2009 – Maine-based workers’ compensation insurer MEMIC has announced that it will pay a dividend totaling $10 million to about 20,000 Maine employers this November. The company’s Board of Directors vote...

Financial  •  September 22, 2009

MEMIC Hosts National Conference; Attendees to Contribute an Estimated $1M to Local Economy

PORTLAND, ME, July 28, 2009 – In early August, about 500 guests will come to Maine to attend the annual conference of the American Association of State Compensation Insurance Funds (AASCIF). It may not be a household name, but it will contribut...

Workers' Comp Issues  •  July 28, 2009

MEMIC Appoints McGarvey as CFO, Senior VP for Finance

PORTLAND, ME, July 1, 2009 – The MEMIC group has announced the appointment of Daniel J. McGarvey, a 17-year veteran of the insurance industry, as the group’s Chief Financial Officer and Senior Vice President for Finance. McGarvey replac...

Corporate  •  July 01, 2009

MEMIC Awards Scholarship to Messalonskee High Graduate

PORTLAND, Maine, June 17, 2009 – At its Annual Meeting of Policyholders on in June, MEMIC awarded a $5,000 scholarship to Adam Clement of Rome, Maine. The MEMIC Harvey Picker Horizon Scholarship, awarded annually to the spouse or child of a wo...

Corporate  •  June 17, 2009

Comp Stars: MEMIC Recognizes Employers for Workers' Comp Program

PORTLAND, Maine, June 16, 2009—At the company's Annual Meeting last week, workers’ compensation insurer MEMIC recognized 11 of its more than 20,000 policyholders for outstanding performance in their workers' compensation programs. At the...

Corporate  •  June 16, 2009

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(207) 791-3506

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