Headquarters: 261 Commercial St., Portland, ME 04104
www.memic.com

2009 Net written premiums: $169,147,000

Key officers: M. Jane Sheehan, Chair, John T. Leonard, President & Chief Executive Officer

MEMIC provides 20,000 employers and 200,000 workers in the pine tree state with worker’s compensation insurance. In addition to being the largest and leading provider in Maine, MEMIC Indemnity Company, its subsidiary company, also offers worker’s compensation coverage in 45 other states throughout the United States.

Some quick facts about MEMIC:

MEMIC was created in 1993 due to reforms in the Maine’s worker’s compensation law. At the time, the state had the nation’s highest worker’s compensation costs. Since MEMIC’s inception, worker’s compensation costs have been slashed by more than a third.

The company provides free safety workshops to employers in an effort to educate their employees on maintaining a safe workplace.

A.M. Best recently gave the company an “A” ranking for financial strength. It was also included in the Ward 50 as one of the country’s top 50 property and casualty insures.

Source: Memic.com, hoovers.com

Compiled by Life Quotes, Inc. staff