Maine Insurance (ME)

In 2001 there were 586,000 ordinary life insurance policies in force with a total value of $36.2 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $72.8 billion. Death benefits paid that year totaled $178.9 million. Three life and health and 14 property and casualty insurance companies were domiciled in Maine in 2000. In 2001, property and casualty insurers wrote premiums totaling $1.4 billion. That year, there were 6,955 flood insurance policies in force in the state, with a total value of $871,502.