Insurance

Insurance

Governor and Insurance Superintendent Encourages Maine Consumers to Consider Flood Insurance to Protect their...

A Waiting Period for Flood Insurance to Take Effect Means NOW is the Time to Act to be Covered for Possible Spring Flooding Governor Paul R. LePage is joining Insurance Superintendent Eric Cioppa in urging all Maine home and business owners, and renters, to evaluate their need for flood insurance, given the current snow pack and coming spring thaws and rains.

Maine Ranks Among the Most Affordable in the Nation for Personal Auto and Homeowners...

Governor Paul R. LePage joined Insurance Superintendent Eric Cioppa on Wednesday in announcing that Maine ranks among the very best states for most affordable homeowners and personal auto insurance rates. In making the announcement, Governor LePage and Superintendent Cioppa noted that the National Association of Insurance Commissioners (NAIC) recently released two reports showing Maine’s average premium for both personal auto and homeowners as the most affordable in New England and among the lowest in the country

Maine Ranked in Top Ten States for Affordability of Homeowners and Personal Auto Insurance

WASHINGTON, D.C. - January 18, 2012 - (RealEstateRama) -- Maine’s Insurance Superintendent Eric Cioppa announced Friday that the National Association of Insurance Commissioners (NAIC) has released two reports showing an improvement in Maine’s national ranking for two lines of property and casualty insurance: personal auto and homeowners. The NAIC shows Maine in the top ten, meaning the cost for these types of insurance is lower than in most other states.

Foreclosure Diversion Program Posts FDIC NPV Data

July 21, 2010 - (RealEstateRama) -- Pursuant to P.L. 2009, ch. 402, An Act to Preserve Home Ownership and Stabilize the Economy by Preventing Unnecessary Foreclosures, parties to foreclosure mediation must complete in full the Net Present Value (NPV) Worksheet developed by the Federal Deposit Insurance Corporation (FDIC). To complete the FDIC NPV, the parties are required to produce information about the borrower’s monthly gross income, terms of the original loan, status of the delinquent loan, property value, among other specific inputs related to projected costs of foreclosure.

Attorney General Janet T. Mills Urges Homeowners to Be Careful When Choosing a Home...

March 9, 2010 - (RealEstateRama) -- Attorney General Janet T. Mills warns homeowners to be careful when choosing a contractor to repair damage from recent storms. “After storms and other natural disasters, some home improvement contractors aggressively market their services to the elderly and other potentially vulnerable consumers to repair their homes,” said Attorney General Mills. “While most contractors in Maine are reputable and treat their customers fairly, some do not. Consumers should wait, check around and get written estimates before hiring a contractor do to home repairs."

Bureau of Insurance Encourages Consumers to Protect their Property with Flood Insurance

Waiting Period for Insurance to Take Effect Means NOW is the Time to Act to be Covered for Spring Flooding February 25, 2009 - (RealEstateRama) — Insurance Superintendent Mila Kofman is urging all Maine residents to evaluate their need for flood insurance, especially with spring approaching and a typical 30-day waiting period before a new flood insurance policy takes effect.

State Issues Ice Storm Homeowner Insurance Alert

Augusta, ME - December 18, 2008 - (RealEstateRama) — Governor John E. Baldacci joined Maine’s Insurance Superintendent Mila Kofman in issuing a Consumer Alert...

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Maine Real Estate & Development Association Names New President and Announces...

Paul Peck, attorney at Drummond & Drummond and real estate developer with LWS Development LLC is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

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April is National Safe Digging Month – Contractors and Homeowners Urged...

As the agency charged with enforcing safe digging practices in Maine, the Maine Public Utilities Commission (“Commission”) is urging all those who dig to take advantage of the resources available in Maine that will help avoid costly and dangerous damage to underground utility facilities