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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.

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

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.

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.

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."

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.

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