Po Box 6726 Portland Or 97228 (2024)

FAQs

What kind of insurance is memic? ›

MEMIC - Workers' Compensation Insurance - Portland, Maine.

All claims should be reported to MEMIC within 24 hours of your notice or knowledge of the injury. (In fact, in some states you must report a workplace injury within 48 hours of knowledge of the injury.) An average report takes less than 8 minutes.

Teachers, Staff & Retirees Are Welcome to Join

If you're a teacher or on the staff of a public, charter, private or parochial school or at a college or university (or are retired from such), you can become a member of the Meemic family.

Meemic Insurance Company provides insurance for teachers and educators in Illinois, Michigan, Wisconsin, and Georgia.

Once they decide to cover a claim, they need to do so within a reasonable timeframe. In most cases a reasonable timeframe would be 30 days. Some states have statutes that outline how long insurance companies have to complete each step of this process, while others leave the amount of time more ambiguous.

Timely filing is when an insurance company put a time limit on claim submission. For example, if a insurance company has a 90-day timely filing limit that means you need to submit a claim within 90 days of the date of service.

Professional indemnity cover is a type of business insurance for companies and consultants which provide professional services to clients. It can help cover the cost of compensation and legal fees if you're accused of providing negligent services or poor advice that leads to losses or damage for your client.

After a careful review of the companies, A.M. Best affirmed it's 'A' (Excellent) rating for Maine Employers' Mutual Insurance Company (MEMIC) and for The MEMIC Group while subsidiary MEMIC Indemnity Company had its 'A-' (Excellent) rating affirmed.

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. We are proud to be widely recognized for our customer service excellence, sustainability practices, trust and integrity.

What is the difference between a stock insurer and a reciprocal insurance company? ›

In a reciprocal insurance exchange, the policyholders are also the insurers, insuring others in order to receive protection and not profits for themselves. Stock insurance companies provide coverage to policyholders in order to make a profit.